Global

Leading fund managers are backing calls for the UK's early entry into the euro.

ING Group has merged asset managers Aeltus Investment Management and ING Furman Selz Asset Management into one company, ING Aeltus Group.

Greater Manchester Pension Fund is stepping up its annual investment in venture capital by £10m to £40m because it is "struggling to achieve the 3pc exposure target".

Grove Street Advisors has appointed Barry Gonder, CalPERS' senior investment officer, as its newest general partner.

Merrill Lynch Investment Managers (MLIM) has appointed Jonathan Trotman as a director and business manager in the institutional liquidity funds team.

Jardine Lloyd Thompson Benefit Solutions is to provide administration, accounts and treasury services to the £15m defined benefit pension scheme of window specialist firm C&C Marshall.

The UK government-imposed cap on the cost of stakeholder pensions is a price control which should not exist in a free market, according to a panel of industry experts who met at Skandia Life's recent Pathfinder Forum.

Norwich Union (NU) has launched Nurture, a stakeholder pension product aimed at charities and the non-profit sector.

The £600m Falkirk County Council Pension Fund has appointed Northern Trust as its custodian.

One size does not fit all when making successful investment decisions, according research by Schroders' Investment Strategy Unit (ISU) into country v sector strategies.