Global

European investment house F&C Management has appointed two new investment managers to its global equity desk.

Norway's government oil fund, the NOK425bn (EUR54bn) Statens Petroleumsfond, is venturing into non-government bonds for the first time next year and may also be restructuring its equity portfolio.

Mercer in Ireland has re-orgainised its leadership with the appointment of Paul O'Faherty as chief executive, effective from July 1, 2001. He replaces Jim Kelly who is retiring at the end of the year.

The £550m Flintshire County Council Clwyd Pension Fund has appointed Deutsche Bank AG as its global custodian with effect from July 1, 2001.

The $5.3bn West Virginia Investment Management Board (WVIMB) is planning an asset liability study for the end of the second quarter, according to Craig Slaughter, executive director of the WVIMB.

JP Morgan Chase's head of investment management and private banking Ramon de Oliveira is set to retire in August this year.

The £200m Cookson Group Pension Plan in the UK is currently undertaking an actuarial valuation.

AP7, Sweden's seventh national pension fund, will have legal clarification over whether or not it can invest in private equity and hedge funds at the end of June.

Credit Agricole Asset Management is planning a new fund which will rebuff external research - commonly thought to be costly and unreliable. Instead, it will rely solely on the firm's team of in-house analysts.

State Street Global Advisors (SSgA) has extended their wealth management service with the creation of The Professional's Group. The group will focus on high net worth individuals in the professional sports industry, including athletes, entrepreneurs and...