Europe

UK/US - Principal Global Investors has acquired a majority stake in London-based emerging markets specialist Finisterre Capital.

UK - A third BA pension scheme trustee has quit the scheme in the row over future indexation saying the scheme had become a ‘political football'.

UK - A second British Airways trustee has resigned from the scheme over the decision to move from RPI to CPI for future pension increases.

UK - GlaxoSmithKline's £900m ($1.5bn) buy-in deal last year would not have been possible without transition managers, said Martin Mannion, director of pensions finance, investments and risk.

EUROPE - Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.

EUROPE - Gearing equity mandates towards outperforming quarterly benchmarks could be undermining attempts to improve long-term investing, Aviva Investors says.

EUROPE - Yves Mersch, governor of the Banque centrale du Luxembourg and member of the European Central Bank council has warned Europe's banks they would not be rescued a second time.

Lynn Strongin-Dodds reports how expected rate hikes and a belief the worst has passed for Europe is luring investors back to the euro

EUROPE - Proposed European Union plans to make scheme funding rules uniform across member states could force UK firms to pay off deficits faster, Towers Watson warns.

US/UK - BP , whose share price has dropped 29% since last year's Gulf of Mexico oil spill, will face opposition from two of the US's largest pension funds at the company's annual general meeting tomorrow.