UK - BAA has awarded State Street Global Advisors (SSgA) a 130/30 mandate worth £330m, as hundreds of its workers demanded a ballot on strike action over the closure of its defined benefit (DB) pension scheme to new entrants.
Including: JAPAN - Macquarie turns to Japan; AUSTRALIA - Regulator raps reports; UK - Watson Wyatt appointments; ISRAEL - Credit Suisse new CEO; UK - Hinde going for gold;
GLOBAL - Schroders has released its third quarter results and announced a loss of £2.9bn in institutional assets under management (AUM) despite reporting a pre-tax profit of 53%.
Including: UK - Changes to DC schemes; AUSTRALIA - ING strategic shake up; UK - Mercer launches LDI solution; UK - Regulator workshops; HOLLAND - Goodman appoints fund manager; UK - PIMCO strengthens remarketing team; BAHRAIN - Citi appointments; IRELAND...
GLOBAL - Diversification in the market has lead to convergence as traditional managers look to out perform alternatives according to a study by KPMG and CREATE-Research.
Including: UK - Postal agreement; ITALY - New manager for New Star; UK - Pictet announces new CMO
EUROPE - Responsible investment has not hurt returns, according to a report by UNEP & Mercer.
GLOBAL - Institutional investor confidence in the US was at an 18 month low, with confidence in Asia also down and the European outlook barely improved over last month, according to State Street Global Markets.
EUROPE - The majority of European institutional investors believed new regulations, due next month would increase transparency and integrating capital markets, according to research from Greenwich Associates.
EUROPE - The European Federation for Retirement Provision (EFRP) has appointed Angel Martinez-Aldama as chairman and Christian Böhm as second vice chairman.