Investment

Work until you drop

Supermarket giant Asda's group pension scheme has hired State Street Global Advisors to run a £165m "130/30" global equity mandate.

The real estate investment trust market will develop more quickly in the UK than it has in other parts of the world, investment managers believe.

BALANCED pooled funds achieved a median return of 0.1pc in February 2007, latest Mellon Analytical Solutions CAPS update reveals.

ABERDEEN Asset Management has bought Deutsche Bank's Australian fund management business for £61m.

THE DEBT Management Office will issue £23.4bn of long-dated gilts and £15bn of index-linked gilts in 2007/ 2008, it has announced.

FIDELITY International has upgraded its online service for defined contribution pension schemes in a bid to reduce the time involved in scheme administration.

BLUEBAY Asset Management is to launch a multi-strategy fund on April 7, 2007 - its first new long/short product since 2003 and the fourth in its long/short range for institutional investors.

Following almost a year of unbroken growth, at the end of last month the world's stock markets face...

TRANSPORT group Stage-coach is to make a payment of £50m to its final salary pension scheme.