Regions

Global financial services firm, State Street Corporation has launched the Merrill Lynch Institutional Liquidity Funds (ILF) via its online trading tool, Fund Connect.

A Hong Kong businessman has suffered the wrath of the Mandatory Provident Fund Schemes Authority for failing to make contributions to the mandatory provident fund (MPF).

Hermes Investment Management has joined opposition to Marconi's proposed repricing of employee stock options, saying that it will vote against the proposal at the company's July 16 AGM.

International financial organisation JP Morgan Investor Services has held on to a £26bn global custody mandate at the Sheffield-based British Coal Pension Schemes, following a tri-annual review.

AP7, Sweden's seventh national pension fund, will have to wait until August to know whether or not it is allowed to invest in private equity and hedge funds by the end of September.

International investment house Gartmore has launched a fourth equity hedge fund for institutional investors as part of its AlphaGen range.

Global quantitative asset manager, First Quadrant, has appointed Alex Weiland as director of European sales and marketing.

International investment house BNP Paribas Asset Management has hired Jean Dominjon as global head of alternative and quantitative asset management.

Man Group, the Swiss international hedge fund manager and futures broker, has raised in excess of US$430m from the global launch of Man IP 220 Plus (Series 3).

The $490m Cambridge Retirement System has appointed MFS Institutional Advisors to run a $45m active US large cap value equities mandate.