Europe

UK - F&C Management has appointed Luc Leclercq as group head of client services.

UK - Hermes Pensions Management has signed an agreement to establish a new £50m real estate partnership with Prestbury Investment Holdings.

UK - The UK's Local Authority Pension Fund Forum has found a significant improvement in company reporting on carbon emissions following a year-long engagement campaign.

UK - State Street Corporation has completed the primary closing of its acquisition of a substantial part of Deutsche Bank's Global Securities Services businesses for approximately US$1.1bn.

UK - Standard Life Investments has boosted its global equities and fixed interest team with the appointments of Reg Watson and Alasdair MacLean.

UK - Fund managers' institutional sales fell by nearly half in January, data from the Investment Management Association shows.

UK - Scottish Widows Investment Partnership's managed UK balanced property trust has launched a share issue in a bid to acquire more commercial properties.

UK - The Inland Revenue has published a booklet expanding the guidance given to occupational pension schemes.

UK - Charities concerned at a lack of transparency in hedge funds should invest in other absolute return products instead, Schroders says.

UK - Isis Equity Partners has announced the second close of its limited partnership fund - Isis Equity Partners III - and has received commitments of £143m.