Investment

UK commercial property delivered a 14.5% total return last year - the strongest performance for four years, the IPD UK monthly index reveals.

More than 80% of global institutional investors plan to add new private equity managers to their rosters in the next two to three years, new research shows.

Institutional investors are set to increase investments in hedge funds in 2011 but demand greater transparency and risk management from the industry, a study finds.

The Alternative Investment Management Association has called for the implemented form of the Alternative Investment Fund Managers Directive to be flexible, proportionate and based on the principles of openness and transparency.

GLOBAL - BNY Mellon has launched a new Sovereign Institutions Group to cater for sovereign pension plans, wealth funds and central banks.

Pension providers have been told to make sure they encourage customers to shop around before offering them an annuity.

The trustees of the £50m Pizza Hut Investment Plan have appointed Mercer to provide the closed scheme with implemented consulting.

A growing number of US firms are reducing benefits offered to staff and looking to rebalance pension funding between employers and employees, research by BNY Mellon Asset Servicing shows.

US/UK - Royal Bank of Scotland has won a court ruling which dismissed a class action by two US pension funds claiming they suffered "massive" losses during the financial crisis.

UK/US - AllianceBernstein is to launch a range of off-the-shelf target date funds for trust and contract- based defined contribution schemes.