United Kingdom

UK - Global Investment Advisors (GIA), a London based investment management company specialising in alternative investment products, has launched a multi-strategy tracker fund of hedge funds in the UK.

UK - PSolve, the new Punter Southall financial consultancy, has appointed three additional senior team members.

UK - Tory leadership candidate Ken Clarke has condemned the Financial Services Authority (FSA) in its role as the UK's only financial regulatory body, and warned that the present system could damage the UK's financial culture.

UK - JPMorgan Fleming Asset Management is working towards merging its two heritage life companies, with completion scheduled for October 2001.

UK - Actuary Hazell Carr has added to its corporate pensions team, with the appointment of Hamish Wilson and Eddie McGuire as pensions strategists.

UK/EUROPE - Commerzbank subsidiary Jupiter has launched the Jupiter Global Active Fund, targeting institutional investors in Europe, including the UK.

UK - Piers Bertlin has been appointed senior investment consultant and European partner at William M Mercer, based in London.

UK - The £3bn pension scheme for UK retail giant J. Sainsbury is considering its first foray into alternative investments which may result in a near £150m tender.

UK - Many employers are considering restructuring their death-in-service benefits in reaction to the single events limits imposed on these group contracts by insurers since the September 11 terrorist attacks, says Watson Wyatt.

UK - Legal & General (L&G) has bagged a stakeholder win from Newcastle United Football Club.