Global

SEI Investments is to join Bipiemme Gestioni asset management, a division of Banca Popolare di Milano Group, to create a manager-of-managers programme for its bank branches and other distribution channels.

Bank of Bermuda in Hong Kong has launched an offshore hedge fund incubator aimed at Australian resident managers.

Global investment house BNP Paribas Asset Management (BNP PAM) and hedge fund specialist Fauchier Partners have set up a joint-venture to manage BNP PAM's funds of hedge funds.

The NOK800m (EUR 990m) Norwegian Larvik Kommunes Primæroppgavefond (Larvik local authority surplus fund) may be on the look out for a manager to oversee a NOK600m (EUR76m) domestic assets.

Global group Zurich Financial Services (ZFS) has restructured its management as part of its streamlining exercise.

Prudential Capital Group, a mezzanine fund sponsor and investment management business of the Prudential Insurance Company of America have closed a $619m mezzanine fund focused on middle-market companies.

The UK's largest friendly society, Liverpool Victoria, has acquired the Royal National Pension Fund For Nurses (RNPFN) in a deal worth £248m.

Global fund manager Zurich Scudder Investments Limited has posted new business wins of more than $1bn from the firm's UK and European institutional teams to date this year.

The £5bn West Yorkshire Pension Fund has chosen Aberdeen Murray Johnstone Private Equity to advise on and manage a new segregated £15m private equity fund, to be called Yorkshire Investors III.

International investment house Goldman Sachs Asset Management (GSAM) has appointed Sally Marshall as an executive director, marketing to UK funds.