Global

Multi-managment investment firm Frank Russell has confirmed its compliance with the UK Investment Performance Standards (UKIPS) and the Global Investment Performance Standards (GIPS).

Fee structures for active fund managers provide "a strong disincentive" to outperform, according to a report headed by David Blake at the University of London Pensions Institute.

The Mandatory Provident Fund (MPF) compliance rate has grown steadily over the past few months, according to statistical data released by Hong Kong's Mandatory Provident Fund Schemes Authority (MPFA).

Gartmore has lured Michael Gleason from Putnam Investments in the US to fill the post of senior quantitative analyst.

The five New York City pension funds have put a $1bn US real estate equity securities mandate up for tender.

Sweden's seventh national pension fund, the EUR1.65bn AP Fonden 7, has unveiled a list of 30 companies that it will not invest in, for various socially responsible investment (SRI) reasons.

Investment returns from UK local authority pension funds stooped to a -6.3% average in the year ending March 2001, according to performance measurers WM Company.

The £343m London Borough of Brent Superannuation Fund has appointed Gartmore to manage its £7m small cap mandate.

South African pension plans have a greater affinity for actively managed funds as opposed to passively managed or index funds, according to SEI Investments.

Schroder Investment Management has been appointed adviser to $1.2bn (EUR1.4bn) assets following Skandinaviska Enskilda Banken AB's (SEB) outsourcing of investment management activities.