Regions

Global asset managers Barclays Global Investors (BGI) has posted stable 1H results, with total assets under management falling slightly - less than 1% - to £548bn, compared with £550m during the same period last year.

Bath & North East Somerset Council (Avon Pension Fund) has been overwhelmed by the response it has received for four mandates it has put out to tender, covering the entire assets of the scheme.

Austria's EUR295m Verbund Pensionskasse has abandoned its search for a specialist manager and decided to merge itself with a multi-employer fund.

Activist group, Stop Huntingdon Animal Cruelty (SHAC), yesterday launched its national campaign against Bank of New York (BoNY) beneficiaries which invest in Huntingdon Life Sciences (HLS).

Global hedge fund specialists Alpha Investment Management appointed Thomas M. Taylor as chief executive officer, president and chief investment officer.

Royal London Asset Management (RLAM) has poached Andrew Carter as chief investment officer (CIO) after 14 years at Gartmore Investment Management (GIM).

Phillips & Drew (P&D) has appointed Matthew Stemp to succeed Robin Apps as CIO. Apps is leaving P&D to join Beaumont Capital Management where he will manage Europe, Asian and US equities.

Eaton Vance Corporation in Boston has expanded its institutional business with the acquisition of 70% of Atlanta Capital Management Company for $75m.

Nicholas Lopardo, vice chairman of State Street Corporation and chairman and CEO of State Street Global Advisors (SSgA), will retire from the company and its board of directors, effective immediately.

The UK corporate bond market has become more sophisticated in the last 12 months, according to Britannic Asset Management.