Europe

EUROPE - Aon Consulting is planning to extend its newly launched manager of manager product into Continental European markets.

DENMARK - Arbejdsmarkedets Tillaegspension (ATP), the DKK256bn (E34bn) Danish pension fund, is considering an investment in hedge funds.

UK - AXA Investment Managers has enhanced its equity research team with the addition of two new analysts covering the financials sector.

UK - The £400m London Borough Croydon Pension Fund has dumped Edinburgh Fund Managers from a £47m UK small-to-mid caps active equity mandate, citing volatile market conditions as the reason behind the move.

UK - Hopes for an 11th hour out-of-court settlement in Unilever Pension Scheme's £130m negligence claim against Merrill Lynch Investment Managers (MLIM) have risen.

DENMARK - The near Dkr6.3bn BankPension - the Danish fund for the financial industry - is close to appointing up to three managers for a new EUR60m private equity brief.

UK - London-based legal firm Allen & Overy has taken onboard the interests of a group of Railtrack shareholders who lost their money following the government's decision to hand over management of the rail group to the private sector.

UK - The £400m Taylor Woodrow Group Pension Life Assurance Fund has dropped active balanced managers Phillips & Drew and Standard Life Investments.

EUROPE - Across the European continent, institutional investors are using more external management expertise. This is a key finding of a recent study by US consulting firm Greenwich Associates, based on interviews with nearly 300 large funds and other...

UK - The shift from defined benefit (DB) to defined contribution (DC) schemes is slowing down, a new study reveals.