Europe

UK/EUROPE - Trema Asset Management has sealed two new apointments in its sales team.

UK - Lombard Odier Darier Hentsch has appointed Christine Farquhar as head of fixed income.

EUROPE - The European Commission is to take Denmark to court and open proceedings against the UK and Ireland over foreign pension fund tax discrimination.

UK - Hermes Asset Management has sold a Reading office to Gulf Finance House for £25.4m.

UK - The UK pensions market is forecast to grow by over 25% to reach £6.1bn between 2002-2007.

UK - The £1.25bn Avon Pension Fund - administered by Bath & North East Somerset Council - has gone out to tender for a global custodian.

UK - Deutsche Asset Management has recruited James de Sausmarez as a managing director from Govett Investments.

UK - Schemes should move money out of "unexciting" government bonds and into other better performing fixed income assets, Schroder Investment Management claims.

PORTUGAL - The property market outperformed all other asset classes in Portugal in 2002 with a total return of 13.5%.

UK - Hazell Carr Pensions Consulting has recruited Colin English from Towers Perrin.