Europe

UK - Schroder Investment Management's sterling bond team has been appointed by Yorkshire Electricity Group to manage a £280m sterling bond mandate for its pension scheme.

UK - Beleaguered investment house Edinburgh Fund Managers (EFM) has hired a new chief investment officer.

EUROPE - AXA Investment Managers has hired Nicolas Moreau as chief executive.

UK - SRI investors Friends, Ivory & Sime has abstained from voting for a shareholder resolution calling on oil giant BP to be more transparent about its decision to drill in culturally and environmentally sensitive areas.

SCOTLAND - The near-£2bn Lothian Pension Fund is looking for a manager to handle a new global equities brief.

UK - The approximately £230m London Borough of Richmond Superannuation Scheme is raising its bonds allocation, according to Malcolm Smith, principal accountant at the fund.

EUROPE - Alternative investment specialist FIM has appointed a new chief operating officer in a bid to beef up its institutional fund of funds business across Europe.

UK/GLOBAL - As part of its refocusing plans, London-based Rothschild Asset Management is to hive off its Australian arm.

UK - Rothschild Asset Management has launched a UK non-government bond fund aimed at institutional clients.

EUROPE - Barclays Global Investors (BGI) wants standards in the European debt capital market improved.