Europe

UK - Universities Superannuation Scheme Ltd (USS) has sold its Stockley Park property to DB Real Estate Spezial Invest (DBRESI) GmbH for £17.2m.

UK - JPMorgan Fleming Asset Management's Continental Europe Select Equity Fund has outperformed the CAPS median over one and three-year periods.

UK - Asset managers Putnam Investments has lost a £90m global equity portfolio from Cumbria County Council because of poor performance.

UK - HSBC Actuaries and Consultants Limited (HACL) has appointed Jonathan Sarkar FIA (pictured) as actuarial director. 

UK - The pensions ombudsman has ordered Scottish Amicable to pay a scheme member almost £12,000 in compensation for delaying a transfer payment.

NORWAY - Norges Bank will purchase foreign exchange equivalent to NOK 630m (e75m) per day for the NOK 942.4bn (e114bn) Government Petroleum Fund in September.

UK - Mellon Global Investments has added to its pooled fund range with the addition of five equity and bond funds, which are aimed at pension funds.

UK - ABN AMRO has been appointed global custodian for Lancashire County Council's £2.4bn pension scheme.

UK - Global consulting firm Watson Wyatt has questioned the ability of pension administrators' to undertake duties as basic as paying out the right benefits to the right people.

UK - Ministers must find an alternative to the stakeholder concept to solve the "pensions crisis", independent research agency Datamonitor claims.