Europe

UK - F&C Management is counting a £239m loss from the University of Cambridge Pension Fund after being dumped in favour of Henderson Global Investors (Henderson's) and Bank of Ireland Asset Management (Bank of Ireland).

UK - The £667m pension fund for Warwickshire County Council is expecting to finalise the outcome of its first asset liability study by February next year, in a move that could see a shift from balanced to specialist investment arrangements.

UK - The government has been forced to back down over pension rights for fixed-term workers following growing pressure from trade unions.

UK - Fund managers' costs will come under greater scrutiny when a new disclosure code takes effect.

UK - GMO Woolley (GMOW), the investment management arm of Boston-based Grantham, Mayo, Van Otterloo (GMO), has appointed Joseph Mariathasan to the newly created position of head of business development.

UK - Pension schemes have been warned against following Boots and make a wholesale move into bonds.

UK - Former Merrill Lynch Investment Managers fund manager Alistair Lennard described in court the rationale behind his construction of the Unilever Superannuation Fund portfolio during his second day in the witness stand.

UK - Fidelity Investments has launched three new institutional pooled funds - the UK Multi-Manager Fund, the UK High Alpha Fund and the Pan-European Fund. The UK Multi-Manager fund, benchmarked against the FTSE All Share index, will offer clients a portfolio...

UK - Pension schemes are being urged to put up to 15% of their funds in alternative assets, according to consultant Hymans Robertson.

UK - Fund managers face a substantial cut in equity income because of a reduction in pension scheme transactions, consultant Bacon & Woodrow warns.