Investment

US - Carlyle Group, the world's second- largest private-equity firm, agreed to buy a 55 percent stake in Claren Road Asset Management, a $4.5bn long-short hedge fund focused on liquid credit assets.

The Pensions Regulator should be more accountable and promote high-quality workplace pensions, trustees and scheme managers believe.

The length of time it takes companies to repair defined benefit scheme deficits continues to increase, data from The Pensions Regulator shows.

The Pensions Regulator has reinforced its concern employers are placing excessive pressure on members over enhanced transfer value exercises, outgoing chairman David Norgrove says.

ASIA - Japan's Nikko Asset Management is strengthening its presence among institutional investors as it announced a deal to buy key parts of rival DBS Asset Management this morning.

F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.

Janus Capital has launched its emerging markets strategy, using the firm's bottom-up fundamental stock picking approach to invest in equities around the world.

Majedie Asset Management has launched a global equity fund for institutional investors.

US/GLOBAL - Some 3% of the 1,400 planned job cuts at State Street will come from State Street Global Advisors, GP understands.