Europe

UK - Northern Trust Global Investments (NTGI) has added to its global quantitative management business with the appointments of Morgan Stanley's Jason Toussaint and State Street's Joseph Molloy.

DENMARK - The DKK416bn (€55.8bn) ATP achieved profits of DKK7.3bn (€980m) in a strong third quarter, bringing its year to date profits to DKK11.8bn.

ITALY - Economic development minister Pierluigi Bersani has claimed that his call for the government to act prior to the launch of the pension reforms in January 2007 were misconstrued by labour minister Cesare Damiano.

UK - Paternoster has appointed F&C Asset Management to act as its derivatives execution agent.

PORTUGAL - The Portuguese banking system was "more than usually" exposed to equity price risk through employee pension funds, an IMF report showed.

UK - Fund manager Governance for Owners (GO) has signed up to the Enhanced Analytics Initiative as a full member.

FRANCE - The French pensions reserve fund (FRR) has retained Goldman Sachs for a three year transition broker mandate with a transaction volume of €25bn.

UK - London councils would save £34m annually if they brought their pension scheme costs down to the levels of UK metropolitan pension schemes, said a report published today by the Audit Commission.

GERMANY - Asset management firm Activest Investmentgesellschaft is to be re-branded under Pioneer Investments.

ITALY - The government and social partners have signed an agreement that will see around €5bn from company final indemnity funds transferred to the national institute of social welfare (INPS) as of next year.