Europe

UK - William M Mercer is organising the following courses and seminars over the next few months:

EUROPE/UK - New York-based currency manager FX Concepts has launched two new funds designed to provide European investment managers with a vehicle through which to hedge currency risk on US dollar and Japanese yen denominated investments.

UK - The £750m pension fund of Gallaher, the international tobacco manufacturing firm, has dumped Cazenove from a £110m UK equity brief and appointed Fidelity Investments in its place. The switch took place last month.

UK - The £440m London Borough of Haringey Superannuation Fund has appointed Northern Trust as its global custodian.

UK - Dunnett Shaw & Partners (DSP) is running two half-day seminars on DC pensions operations in Manchester on March 5 and in London on March 12.

UK - The £1.1bn East Sussex County Council Pension Fund has interviewed three candidates so far for its global custodian brief and will review its investment managers within the next 12 months.

UK - Friends Ivory & Sime is urging pension funds to use their shareholding muscle to encourage firms to tighten up their bribery and corruption policies.

UK - Personal pension holders who were made bankrupt prior to May 29, 2000 face the prospect of losing their pension after the Court of Appeal confirmed that the Insolvency Act 1986 - insofar as it relates to a bankrupt's pension entitlement pre-May 2000...

EUROPE/UK - New York-based currency manager FX Concepts has launched two new funds designed to provide European investment managers with a vehicle through which to hedge currency risk on US dollar and Japanese yen denominated investments.

UK - Baring Asset Management has made two new appointments, Mary Haly and Ian Pascal, to its investment and marketing divisions respectively.