Regions

The $89bn New York State Teachers Retirement System (NYSTRS) is searching for two managers to run up to $500m in enhanced passive international equities mandates.

The £292m London Borough of Harrow Pension Fund has cut £100,000 off the fees it pays to investment managers.

AXA Investment Managers (AXA IM) - the fund management arm of the AXA Group - has completed it US high yield bond team.

The £540m 3M pension scheme has appointed Deutsche Asset Management (DeAM) and Capital International to manage specialist mandates for its revised investment strategy.

Russell/Mellon, the joint venture between Frank Russell Company and Mellon Financial Corporation, has enhanced its client services business with the appointments of Allison Langley and Russell Taylor.

Bank of Bermuda's (BoB) support for Hong Kong's Mandatory Provident Fund (MPF) has helped the group report a core operating income of $27.7m for the second quarter of 2001, compared with $28.7m in the same quarter last year.

Newton Investment Management in the UK has confirmed that global marketing head Guy Hudson will replace outgoing director of sales, marketing and product development Scott Powers.

The EU Commission's Competition Authority has approved the planned takeover of Norwegian insurer Størebrand by Finnish financial services group Sampo.

The New England Health Care Employees Pension Fund is suing Qwest Communications, its chairman, Joseph Nacchio, and Robin Szeliga, the firm's chief financial officer, accusing them of fraud and of engaging in insider trading.

The C$7.2bn (US$4.7bn) Canada Post Corporation Pension Plan (CPCPP) is looking to hire fixed income managers to manage up to C$2.16bn (US$1.41bn), or 30% of the fund's total assets.