Regions

SEI has announced new business wins of more than £100m for the first half of the year.

UK's Local Authority Pension Fund Forum (LAPFF) has hit out against Boots by advising its members to vote against a new executive share option scheme being proposed at the retailer's AGM next Thursday.

CalPERS, the $152bn California Public Employees' Retirement System, has seen its $7.7bn private equity portfolio post a 19.6% average internal rate of return (IRR) for funds it has invested in since 1990.

Pilgrim Baxter & Associates, a wholly-owned unit of Old Mutual, in the US has appointed Michael Sutton as chief investment officer with immediate effect.

Pension fund for chemicals group Octel UK is on the verge of appointing replacement managers following the dumping of investment house Phillips & Drew (P&D) from a £300m active balanced mandate earlier this year.

Sarasin Investment Management (SIM) - the London thematic fund management subsidiary of Swiss private Bank Sarasin - has appointed Ian Hogg as deputy chief investment officer.

The Ontario Ministry of Finance has released a consultation paper on the distribution of defined benefit (DB) pension fund surpluses, which it claims is designed to find a balance between employers and employees in surplus sharing arrangements.

The average balanced Australian pension fund has had its worst financial year since 1988, returning only 5.4% according to the latest Mercer pooled fund survey.

Peter Carman, co-chairman and global chief investment officer at Citigroup Asset Management in the US is set to retire at the end of this year after a four year stint with the company.

The Federal Retirement Thrift Investment Board (FRTIB), which runs the approximately $1bn defined contribution (DC) Thrift Savings Plan (TSP), is suing American Management Systems (AMS) for $350m, claiming breach of contract and fraud on AMS' part.