ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.
US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.
UK - The £1.5bn ($2.3bn) Dorset County Pension Fund has appointed JLT Investment Consulting to help it select a new bond manager.
NETHERLANDS - The €11bn ($15bn) Pensioenfonds Vervoer, the pension fund for the transport industry, has hired Robeco as its new fiduciary manager.
DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.
US - The Federal Retirement Thrift Investment Board plans to issue requests for proposals for managers to run its $150bn in external assets currently managed by BlackRock.
UK - Northumberland County Council Pension Fund has appointed Northern Trust to provide it with transition management services.
UK - Lothian Pension Fund is tendering for new global equity managers following the appointment of Invesco Perpetual and Baillie Gifford to run its separate Pan Asia Pacific equity mandates.
US - Institutional hires in alternative investments and real estate increased in the first two quarters of 2011 at the expense of domestic active equity and fixed income, new research shows.
UK - Northamptonshire Pension Scheme has increased its bond allocation mandate to US-based Wellington Management to 15% after a key resignation from its second bond manager UBS.
NETHERLANDS - J.P. Morgan Worldwide Securities Services has just completed a $12.5bn transition of pension manager APG's emerging markets portfolio, and been named custodian of those assets, the firm said.
US - Russell Investments has landed a $640m mandate from the Alaska Permanent Fund for its Russell Fundamental Developed Large Company Index, the first mandate win for the firm in its new suite of fundamental indices.
JAPAN - Chuo Mitsui Asset Trust and Banking has emerged as the Government Pension Investment Fund's (GPIF) largest external manager over the past year, while AXA Rosenberg has disappeared from the list.
UK - The £4.1bn ($6.5bn) London Pension Fund Authority (LPFA) has awarded Dutch fund manager Robeco its first UK contract to oversee its shareholder voting and corporate engagement.
UK - Lothian Pension Fund has gone out to tender for two investment advisers to sit on its Investment Strategy Panel following the expiration of the current adviser contracts.
US - The California State Teachers' Retirement System (CalSTRS) plans to bring more assets in house, scrutinise global equity managers and issue or complete at least seven requests for proposals across its portfolio this year.
SWEDEN - Swedish pension buffer fund AP4 is looking for up to three passive global equity managers.
US - Ohio employees last week escaped a potential increase in contributions when a plan to shift 2% of contributions from employer to employee failed to make it into the state's biennial budget.
GLOBAL - State Street has been appointed by F&C Asset Management to provide investment manager operations outsourcing for £106bn in assets.
UK - Hard bargaining and encouraging competition helped institutional investors hiring managers save over a quarter on the fee levels they were initially quoted last year, research shows.
US - The Teacher Retirement System of Texas has awarded LaSalle Investment Management a $200m mandate to invest in real estate co-investment opportunities around the globe.
AUSTRALIA - Colonial First State has awarded three mandates in alternative investments totalling A$300m for its FirstChoice Growth superannuation product.