MELLON Financial Corporation has completed the purchase of Edinburgh based equity investment firm Walter Scott & Partners.

BARING Asset Management has announced that it is changing the way its global resource fund is run - increasing its focus on absolute return.

THE INVESTMENT Management Association has hit out at an accountancy ruling that will force asset managers to change the way they report fees.

WORKING near water vastly improves office productivity by creating a more relaxed and stimulating environment, research shows.

UK - Hewitt Associates has said the number of investment managers it recommended for "unconstrained" mandates had doubled over the last two years in response to client demand.

US - The US$214bn California Public Employees' Retirement System (CalPERS) has entered into a $199m, five-year contract with Accenture to develop a consolidated pension information system.

Investors put pressure on LSE to seal merger; LDI unlikely to solve pension fund deficits; London's hedge fund boom; Permira suffers Britvic setback

TRUSTEES must "get to grips" with the impact of new age discrimination on their schemes and take advantage of the two month reprieve in implementing the rules, HSBC Actuaries and Consultants says.

US - Amaranth Advisors has announced plans to shut down after the hedge fund lost more than US$6bn through bad investments.

BRITISH Airways may contribute more to its pension fund than the £500m proposed earlier this year after its actuarial deficit topped £2.1bn.