Investment

EUROPE - Gilles Glicenstein, head of BNP Paribas Asset Management, has highlighted the growing trend of clients becoming competitors in the pension and savings industry.

SEI has launched a "master trust" defined contribution pension scheme for UK employers.

THE MARATHON Club has published guidance for trustees and their advisers on the implementation of a long-term investment approach.

ASSETS under management at JPMorgan Asset Management grew 21pc during the first quarter of 2007 to more than $1trn (£506bn), latest company figures reveal.

THE ALTERNATIVE Investment Management Association has produced a set of due diligence questionnaires for schemes investing in hedge funds.

RUSSELL Investment Group has launched a fund of hedge funds for institutional investors.

STANDARD Life Investments' smaller companies fund has broken through the £300m mark of assets under management.

New investment tools

SCHEMES investing in French property enjoyed better returns in 2006 than those focusing solely on the UK, new figures reveal.

Financial services giant HSBC has formed a new business dedicated to institutional defined contribution scheme administration.