United Kingdom

UK- BNY Mellon has released its BNY Mellon Global Strategic Bond Fund, a global multi-sector fixed income fund targeted to UK investors designed to capture alpha opportunities from across the global fixed income markets.

GLOBAL/UK- Schemes with sponsors domiciled outside the European Economic Area (EEA) are at risk of being denied Pension Protection Fund coverage despite paying the levy, a consultant warns.

UK- Insurance giant Aviva is to make staff across its UK operations contribute to their defined contribution pension fund for the first time.

UK- Aon has announced plans to cut employer contributions to its UK pension by up to half as part of its plan to tackle the recession.

UK/US- Ulrik Walther has joined Pyramis Global Advisors, Fidelity Investment's institutional arm, as senior vice president and head of Europe, Middle East and Asia sovereign institutional business.

US/UK- US-based hedge fund manager GLG Partners has completed the acquisition if Société Générale Asset Management UK (SGAM UK), the French bank's UK long-only business in a £4.5m deal (US$6.7m).

UK- The Pension Protection Fund is considering raising its levy during periods of economic stability to offset lower payments during a recession, its new chief executive says.

Cardano has appointed Frederic Hevras and Michelle Bellwood to its London-based investment management team, based in London.

A group of major institutional investors has written to the prime minister urging the G20 to support a strong green element in programmes of fiscal stimulus.

UK - Hermes has appointed Bridgepoint to take on the management of Hermes Private Equity's £550m (US$787m) direct investment private equity portfolio.