UK - Majedie Asset Management is exploring equity-based options for further building its business after it was forced to close to new institutional UK equity business having reached capacity in both its products.

UK - The cost of introducing investment strategy as a separate risk factor would be disproportionate to the 3% reallocation of levy it would lead to, the Pension Protection Fund (PPF) has found.

LANE CLARK & PEACOCK has launched two specialist investment consulting practices to address the needs of pension scheme trustees and corporate sponsors.

GLOBAL - The merger between the Bank of New York and Mellon Financial Corporation will have a minimal impact on the firms' respective asset management divisions, with the vast majority of the 3900 planned job cuts coming from elsewhere, according to John...

UK - Baring Asset Management has been appointed by the Mitsui Babcock Pension Scheme to run a £86m segregated mutli-asset diversified growth mandate.

SWEDEN - AP1 has voted against two resolutions by tobacco company Swedish Match - one to raise the company board fees and another to introduce a share option scheme that is not relative and does not contain a value ceiling.

MANAGEMENT consultants Hay Group has moved into the provision of online benefit solutions after teaming up with technology provider Vebnet.

THE PENSIONS Regulator has appointed Pitmans Trustees as independent trustees to the Farepak Pension and Life Assurance Scheme.

US - The US$153bn California State Teachers' Retirement System (CalSTRS) has set up an taskforce to investigate infrastructure investment before perhaps making its first committment to the asset class.

GLOBAL - A large majority of the world's biggest pension funds are concerned that private equity funds are facing capacity constraints, according to exclusive research by Global Pensions.