Global

The $120bn New York State Common Retirement Fund (CRF) has appointed four asset managers to run $350m in US equities.

Mellon Global Investments and Ahli United Bank (AUB) are to establish a joint venture offering investment management services in the Middle East.

Bank of New York announced yesterday its appointment by the £300m Laporte Group Pension Trust to provide investment accounting, compliance monitoring and global custody services.

Emerging markets have proved a sketchy scenario for fund managers over recent years, according to a report by Standard & Poor's.

Wesleyan Assurance Society has been selected to provide an alternative Additional Voluntary Contribution scheme to members of the Britannia Airways Pilots Pension Scheme.

Gissings, the UK employee benefits advisory firm, has been appointed to carry out the administration of two pension plans.

The UK civil service and the National Health Service (NHS) have appointed Bacon & Woodrow in a four month project to manage the selection of stakeholder and additional voluntary contributions (AVC) providers.

Consultant William M Mercer has appointed Morley Fund Management's Diane Miller as a senior investment consultant.

The $31bn Los Angeles County Employees Retirement Association (LACERA) is planning a search for emerging markets private equity managers in the third quarter.

The National Association of Pension Funds (NAPF) has launched a new website that will give members access to new online services, including information to help them to operate their pension schemes.