United Kingdom

UK - UBS's Triton Property Fund has bought the Huddersfield-based Packhorse Shopping Centre from Chester Properties for £21m.

UK - Capital Z Investment Partners is sponsoring the management led buyout of Zurich Institutional Benchmarks Management, led by Garry Crowder.

UK - The focus on cost cutting is forcing asset managers increasingly to outsource more of their non-core activities, according to Ron Logue, president and chief operating officer of State Street Corporation.

UK - Pension funds have recorded their best returns at 15.8% for the year ending December 31, 2003, after three consecutive years of negative performance.

UK - Credit Suisse Asset Management (CSAM) has launched the CSAM UK Property Unit Trust, a new offshore fund for pension funds and life companies, with a target size of £250m.

UK - The International Securities Market Association has changed its rules and regulations governing trading in international securities.

UK - Members of the Barnardo's pension scheme have a month to choose between five new arrangements aimed at reducing a £47m deficit.

UK - Trustees of the Manganese Bronze Holdings pension scheme have agreed a reduction in the company's monthly contributions.

UK - The government's decision to support a controversial BP cross-border pipeline has been attacked by human rights and environmental groups.

UK - Docucorp International has launched its content management solution for the insurance and financial services industries.