Regions

The $158bn California Public Employees Retirement System (CalPERS) has appointed Rick Hayes as its new senior investment officer (SIO) in charge of the pension fund's alternative investment management (AIM) program.

The $12bn (£8.3bn) Indiana Public Employees' Retirement Fund (PERF) is considering a search for US large cap equity managers, according to the fund's chief investment officer, Pat Gerrick.

The £900m Cambridgeshire County Council Pension Fund has chosen Prudential Portfolio Management as additional voluntary contributions (AVC) provider.

Global asset managers Schroder Investment Management (SIM) has lost its head of UK institutional business, Jim Horsborough.

Global fund managers Dresdner RCM Global Investors has opened an Amsterdam office and appointed two senior sales executives.

Royal & SunAlliance Investments Luxembourg has hired Shamik Cholera as its new Swiss sales manager, retail and institutional funds.

Ireland's finance minister Charles McCreevy has announced plans to amend the pension regime for ministers and other parliament office holders.

Pension fund members of the UK's Local Authority Pension Fund Forum (LAPFF) are being urged to vote against a new executive share incentive scheme at Cable & Wireless' AGM on July 20 due to weak performance targets.

Asset management house WestAM has appointed Nigel Jenkins as head of global fixed income and currencies.

Environment lobbyist group Friends of the Earth has given a cautious welcome to the FTSE4Good index which was launched today.