Europe

EUROPE - French investment house Credit Agricole Asset Management (CAAM) and consultancy Watson Wyatt have signed an agreement for the development of Credit Agricole's European multi-manager operations.

UK - The £180m Scottish Borders Council Superannuation Fund is reviewing actuaries Hymans Robertson and will decide on its future with the firm in December.

UK - Gartmore chairman Paul Myners is to step down from his 14-year post at the end of November.

UK - Employee benefits firm Gissings has been appointed by the University of Reading Employees' Pension Fund to provide pensions administration, accounting and pension payment services with effect from April 2002.

UK - Unilever barrister Jonathan Sumption QC yesterday attempted in the High Court to prove that one of the key points of Merrill Lynch Investment Managers' (MLIM) defence was flawed.

UK - The switch to total bond investment by the near £2.3bn Boots Pension Scheme is unlikely to cause a "stampede" in the same direction by other funds, according to the National Association of Pension Funds.

UK - JP Morgan Investor Services has been reappointed as global custodian to the £6.8bn ICI Pension Fund.

UK - The £1.1bn Devon County Council Pension Fund is to invest in a new European Fund from Hermes.

UK - Market liquidity created by interest rate cuts has been the chief driver of the equity rebound, according to Tony Broccardo, chief investment officer of Invesco UK's institutional arm.

UK - A pension fund managed by former Mercury Asset Management "wild card" fund manager Alistair Lennard may take court action if Unilever wins its High Court battle.