Europe

UK - Watson Wyatt has promoted 27 of its European associates to partner level.

UK - The £669m Devonport Royal Dockyard Pension Scheme has appointed HSBC Global Investor Services to monitor its equity transactions costs.

UK - The £750m IMI Pension Fund has appointed three managers following its shift from a balanced to a specialist investment structure.

UK - F&C Property Investment Management has acquired Valegate Retail Park on behalf of the £22bn Electricity Supply Pension Scheme.

EUROPE - Reech Capital is to provide Crédit Agricole Indosuez with its proprietary derivatives script, ADEP.

EUROPE - CeLOGIX Property Fund, the eurozone logistics and distribution property fund managed by Aberdeen Property Investors (API), has made its first investment in Belgium, Netherlands, Germany and France.

UK - Multi-managers are tapping into the DC market and forging lucrative partnerships with the UK's biggest providers].

UK - The Pensions Trust has appointed two new managers to head the customer services departments at two of its regional offices.

UK - Mercer Human Resource Consulting has been appointed by Apache Corporation to set up a new final salary scheme and provide pensions and benefits advice.

UK - Watson Wyatt's pension fund clients saw strong returns for assets in global and UK equities, but weak performance in UK index-linked and global government bonds.