SCHRODERS' Property multi-manager team has boosted its number of local authority mandates to nine after winning mandates from Shetland Islands Council and Warwickshire County Council.

US - The Teachers' Retirement System (TRS) of Illinois has dumped NCM Capital Advisers from its emerging managers mandate due to "organisational concerns" after just one year.

UK - Citigroup plans to launch a new set of alpha indices in this month to complement the creation of its Beta 1 currency index.

UK - The Parliamentary Contributory Pension Fund has remained tight lipped over a £9m mandate awarded to hedge fund of fund managers, Quellos Capital Management.

US - The Chicago Board of Trade (CBOT) has denied being party to a class action settlement with LAMPERS.

Time is running out for schemes to register or be nominated for this year's Pension Scheme of the Year Awards.

THE Pensions Regulator and Close Brothers Corporate Finance are holding a free scheme specific funding workshop in London on July 30.

US - The Securities and Exchange Commission (SEC) has voted to better safeguard investors during short selling transactions by closing loopholes in regulations.

Trade union officials have held talks with disgruntled Standard Life staff over proposed changes to their pensions.

GREECE - In the latest twist in the JP Morgan bond debacle, the firm told the parliamentary committee investigating the overpriced bonds scam that it was misled by a former employee.