Europe

UK - Proponents of the UK transition management industry proposed code of conduct, the T-Charter, have rounded on potential non-signatories and demanded they explain to pension funds what their objections are.

UK - European property fund manager Cordea Savills has appointed Patrick Carr director of UK Residential.

EUROPE - Allianz Global Investors has launched a range of five funds specifically designed for pan-European investors, covering Europe, US, Japan and emerging markets.

EUROPE - Mercer Global Investments (MGI), the multi-manager business of Mercer Human Resource Consulting, has launched in Europe and already has more than US$500m of assets under management.

UK - Legal & General senior actuary Joseph Lu has joined competitor Synesis Life as a senior manager.

UK - The Pensions Regulator will be launching an investigation next year into proposed vehicles that could allow employers to abandon their occupational pension schemes.

UK - The £1.9bn Leicestershire County Council Pension Fund, run by the county council, is seeking a manager for a £100m targeted or absolute return mandate.

EUROPE - With the exception of Japan, European institutional investors plough more into hedge funds and alternatives than any other global market.

UK - Edmund Truell, former head of Duke Street Capital, has received backing from US financier Christopher Flowers for his pension buy-out firm, media reports have claimed.

UK - The FTSE 100 FRS17 deficit decreased to £49.9bn, down from £56bn at end August, according to Watson Wyatt.