Global

Global quantitative asset manager, First Quadrant, has appointed Alex Weiland as director of European sales and marketing.

International investment house BNP Paribas Asset Management has hired Jean Dominjon as global head of alternative and quantitative asset management.

Man Group, the Swiss international hedge fund manager and futures broker, has raised in excess of US$430m from the global launch of Man IP 220 Plus (Series 3).

The $490m Cambridge Retirement System has appointed MFS Institutional Advisors to run a $45m active US large cap value equities mandate.

Fidelity Investments has altered the management responsibilities of its institutional business heads in the UK, Europe, Middle East and Africa.

Defined contribution (DC) schemes should be the model for pension funding in Europe, according to Invesco Pensions.

Barclays Global Investors (BGI) has won a $1.5bn Treasury Inflation-Indexed Securities (TIIS) mandate from the $30bn Massachusetts Pension Reserves Investment Management Board (PRIM).

Global financial services group Mellon Financial Corporation is set to complete its takeover of Newton Management group by May 2002.

Crescendo European Fund, the hedge fund managed by Swiss asset managers Zurich Scudder Investments (ZSI) has posted total assets under management of over EUR200m.

KLM Pensioenfondsenkantoor, the pension fund management arm of Netherlands airline KLM, has appointed Princeton Financial Systems (PFS) to a mutual funds investment management and accounting brief.