United Kingdom

The £2.25bn Leicestershire County Council pension fund has appointed a fund of hedge funds for a targeted return mandate worth £105m.

UK - The Pension Regulator (TPR) yesterday released the reasons behind its recent groundbreaking decision to slap a Financial Support Direction (FSD) on Bermuda-based company Sea Containers Ltd (SCL), which is in chapter 11 bankruptcy proceedings in the...

UK - Fitch Ratings has withdrawn its manager rating for Credit Suisse's London-based asset management arm.

UK - European pension funds have formed part of a £78m investment in the Grainger residential property fund.

UK - Hermes Focus Asset Management Europe HFAME has appointed a new investment director for its European Focus Fund.

UK - Watson Wyatt has lost a contract with Royal Liver to Mercer Investment Consulting, Global Pensions can exclusively reveal.

UK - JPMorgan Worldwide Securities Services has secured five custody mandates from small pension funds.

UK - The London Borough of Enfield has awarded Babcock and Brown a £15m infrastructure mandate.

UK - Investment management firm Payden & Rygel has launched a Central and Eastern European Equity Fund, exclusively for institutional investors.

UK - Lancashire based ink company Wolstenholme Group has been sold to German firm Eckart GmbH & Co in a deal for around £22m, with the proceeds used to buy out the deficits of its pension fund.