Global

Phillips & Drew (P&D) has been awarded a £100m passive global equities mandate by the UK pension scheme of oil company Conoco.

Houston-based investment house AIM Advisors has appointed Robert Lloyd to the portfolio management team of three of its funds.

Graham Hutton, CEO of Morgan Grenfell Private Equity (MGPE) - the private equity arm of Deutsche bank - has quit the firm following a failed buy-out bid.

The C$18.2bn (US$12bn) defined benefit Hospitals of Ontario Pension Plan (HOOPP) has appointed Douglas Carr as its new senior vice-president and chief financial officer.

Bank of Bermuda has appointed Lilian Wong as managing director and country head of global fund services in Hong Kong.

Paul Trip, director for ING Real Estate Development (ING RED), has been appointed a member of the general management of ING Real Estate to accommodate ING RED's expansion, according to the firm.

Portugal' s Instituto de Gestao de Fundos de Capitalizacao da Seguranca Social - the EUR3.2bn pensions reserve fund - may be outsourcing 20% of its assets by the year end.

The American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) is using union pension plan cash to help fund a $1bn housing production program.

Global quantitative asset manager, First Quadrant, has appointed Bill Goodsall as chairman and promoted Robert Brown to managing director.

Isle of Man-based BoE International has announced it is to launch a fund of hedge funds.