UK - Mercer Human Resource Consulting has appointed three senior retirement consultants to its London office.

MERCER HUMAN Resource Consulting has hired three senior retirement consultants in London.

EUROPE - San Diego-based equity boutique Nicholas-Applegate Capital Management has four new funded products in the incubator which represent an extension of its long-only offering.

BULK annuity specialist Paternoster has appointed State Street as its custodian.

UK - The £740m Gwynedd Council Pension Fund is tendering for a private equity fund of funds manager for a £35m mandate - five percent of the total fund.

JAPAN - Japanese institutional investors remain concerned about China's "poor" corporate governance and accounting standards, which will be key in determining their investment exposure in the country, said Joji Maki, head of Japanese equities at Baring...

US/EUROPE - The California Public Employees' Retirement System (CalPERS) is to invest US$200m (€157m) in the Governance for Owners Group's (GO) European Focus Fund, which invests in a small number of under-performing quoted companies across Europe.

UK - After what was described as a "competitive tender process", Paternoster has chosen State Street Corporation for its custody and securities lending services.

UK - The Investment Management Association (IMA) has branded the ruling from the International Accounting Standards Board (IASB) on initial fees as "absurd".

UK - State Street has appointed Cassie Martin vice president of sales and relationship management for the firm's expanding European transition management team.