Regions

Pierre de Weck, CEO of UBS Capital, UBS' private equity business, will leave the firm at the end of July to pursue other interests.

The special characteristics of property investments make it worth considering as a powerful alternative investment for UK pension funds, according to Merrill Lynch Investment Managers (MLIM).

The UK IPO market is at an all time low and came to a virtual stop at the beginning of the year, according to KPMG Corporate Finance.

The law on UK pension surplus ownership will come under review in the autumn.

The Confederation of British Industry (CBI) has joined environment lobbyist group Friends of the Earth to warn about the FTSE4Good index, which was launched yesterday.

The $12.7bn Teachers Retirement System of Louisiana (TRSL) has awarded five managers a total of $1.1bn in fixed income mandates.

SEI Investments is to join Bipiemme Gestioni asset management, a division of Banca Popolare di Milano Group, to create a manager-of-managers programme for its bank branches and other distribution channels.

Bank of Bermuda in Hong Kong has launched an offshore hedge fund incubator aimed at Australian resident managers.

Global investment house BNP Paribas Asset Management (BNP PAM) and hedge fund specialist Fauchier Partners have set up a joint-venture to manage BNP PAM's funds of hedge funds.

The NOK800m (EUR 990m) Norwegian Larvik Kommunes Primæroppgavefond (Larvik local authority surplus fund) may be on the look out for a manager to oversee a NOK600m (EUR76m) domestic assets.