Investment

HgCapital Trust has announced preliminary results for the year ended December 31 - revealing an increase in net asset value of 20pc to £187m.

GOLDMAN SACHS has reported a 28pc slide in first quarter revenues in its asset management division.

THE LOCAL Authority Pension Fund Forum has released a guide on assessing investment manager engagement with companies over labour standards in China.

STATE Street Global Advisors has launched a "130/30" fund for UK institutional investors.

EUROPE - The debate on the blurring of boundaries between asset managers and consultants over the issue of asset liability modelling (ALM) has intensified, with some consultants openly accussing asset managers of encroaching on their turf.

F&C ASSET Management has launched a derivative-based global tactical asset allocation fund.

MELLON Group has roundly beaten its new partner the Bank of New York in R&M's latest global custody survey.

AEGON Scottish Equitable has boosted the flexibility of its group personal pension product with the addition of four alternative charging options.

UK commercial property delivered a total return of 18.1pc last year, latest data shows.

SCHEMES are decreasing their UK equity exposure in favour of overseas markets and high-alpha products, research by Hymans Robertson shows.