Global

Fund managers will have to undergo radical structural change to remain competitive according to John Casey, chairman of US consultancy, Barra Strategic Consulting Group.

Global consultancy Watson Wyatt has appointed four new partners to the firm's investment consulting practice.

Denali Advisors has won a $100m US equity mandate from CalPERS, thelargest public pension fund in the US.

Frank Russell Company has signed a strategic agreement with Bank Hapoalim, Israel's largest bank.

London-based hedge fund group, Thames River Capital has bolstered its team with three new appointments.

Baillie Gifford & Co has reopened its doors to UK segregated mandates.

Ronald Ryan, president of US-based Ryan Labs Asset Management, believes that pension fund liabilities are the biggest problem in the world today.  

Cheshire County Council Pension Fund in the UK has appointed Standard Life and Clerical Medical as additional voluntary contribution (AVC) providers.

MN Services, who manage assets for the Dutch metal workers' pension fund, BPMT, has appointed Henderson Global Investors to manage an indirect Asian real estate portfolio.

The UK Securities and Futures Authority (SFA) has fined two senior members of Morgan Stanley and ordered them to pay costs exceeding £25,000.