Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
June 09, 2003 01:00 AM

World briefs

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Lancashire County fund searching for custodian

    LANCASTER, England - The Lancashire County Council Pension Fund issued an RFP for a global custodian, said Mark Bennett, principal accountant.

    Each of the £2 billion ($3.3 billion) scheme's current custodians - Bank of New York, Citibank Global Securities Services, Deutsche Bank, HSBC Asset Management, Legal & General and J.P. Morgan Investor Services - can rebid, he said, although Deutsche Bank has sold its custody and securities services business.

    Mercer Investment Consulting is assisting. Proposals are due June 11.

    Manager hired to run assets of charity in balanced portfolio

    GLASGOW - North Glasgow NHS Trust, which finances the Princess Royal Maternity Hospital, hired Merrill Lynch Investment Managers to run the charity's £40 million ($65 million) in assets in a balanced portfolio, said Gordon T. Craig, trust finance director. The money was managed internally until May, he said.

    "We've decided to outsource the investment management activities in light of a review of financing arrangements for hospitals in Scotland," he said.

    The scheme did not use a consultant.

    40% of U.K. defined benefit plans closed to new employees in '02

    LONDON - More than 40% of U.K. companies closed their defined benefit pension schemes to new employees in 2002, according to a National Association of Pension Funds survey. Simon Miller, spokesman, said just 19% of companies offered defined benefit pensions to new employees as of Dec. 31, according to the survey of 250 pension schemes.

    Also, one-third of firms planned to review their defined benefit plans over the next 12 months, the survey showed.

    Separately, 49% of 152 companies surveyed by J.P. Morgan Fleming Asset Management have closed their defined benefit schemes to new employees, according to Jackie Meere, J.P. Morgan Fleming spokeswoman. Also, 84% of firms that offer only a defined benefit scheme had no plans to offer other pension benefit options.

    Abitibi-Consolidated taps 2 firms for hedge fund of funds investing

    MONTREAL - Abitibi-Consolidated Inc. hired Financial Risk Management and Meridian Capital Partners to run C$70 million (US$51.9 million) each in hedge funds of funds, said Marc Osborne, spokesman. The C$2.4 billion pension plan was assisted by consultants Brockhouse & Cooper, Towers Perrin, Mercer Investment Consulting, API and New England Pension Consultants, Mr. Osborne said.

    Joint venture to aid in British corporate governance information

    LONDON - Institutional Shareholder Services and the National Association of Pension Funds formed Research, Recommendations and Electronic Voting, a joint venture to provide British pension investors with access to corporate governance analysis and electronic voting capability. The services, which start in January, will include: "corporate governance analysis and recommendations, based on NAPF policy, extended to all FTSE All-Share companies, not just the current top 350; global access to analyses of, and voting recommendations on, some 22,000 companies in around 80 countries (including the United States); and electronic voting capability on U.K. and global securities," according to a news release from the two groups.

    NAPF-member schemes have about £600 billion ($983 billion) in assets.

    EquiLend securities lending reach extended to Asia through Nomura

    TOKYO - Nomura Group is the first Asian financial institution to participate in the EquiLend global securities lending platform, according to officials at EquiLend. EquiLend is a web-based securities lending platform developed about nine months ago by 10 large U.S. financial services firms.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    Private Markets
    Sponsored Content: Private Markets

    Reader Poll

    July 29, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Gaining Momentum: Where Next for Trend-Following?
    The market opportunity in U.S. residential mortgage-backed securities
    Credit Indices Evolve with Enhanced Data Inputs
    Hedge Funds 2.0: Back to the future
    How Has 2022's Carnage Reshaped Global Stock and Bond Markets?
    Crossroads: Politics, Inflation, & Bonds
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    August 1, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit