Regions

Fidelity Investments' international institution business president Richard Horlick has been seconded for three years to become chairman and president of Fidelity Management Trust Company in Boston.

Schroder Investment Management's Nicola Ralston is stepping down as the firm's global head of investment strategy and research in September, in order to spend more time with her family.

Canadian pension fund giant, the C$125bn (US$82bn) Caisse de dépôt et placement du Québec (CDP), has made a C$2m (US$1.3m) investment in Sky High Entertainment, a start up production house that specialises in large-format IMAX films.

Invesco, a division of Anglo-US fund manager Amvescap, has agreed to purchase a 70% interest in Taiwanese investment management company Grand Pacific from a consortium of Taiwan's Koos Group.

Mercury Private Equity has changed its name to HgCapital following its breakaway from Mercury Asset Management.

The $6bn Municipal Employees' Annuity and Benefit Fund of Chicago has appointed Northern Trust Global Investments to run a $380m S&P 500 index fund brief.

Multi-managment investment firm Frank Russell has confirmed its compliance with the UK Investment Performance Standards (UKIPS) and the Global Investment Performance Standards (GIPS).

Fee structures for active fund managers provide "a strong disincentive" to outperform, according to a report headed by David Blake at the University of London Pensions Institute.

The Mandatory Provident Fund (MPF) compliance rate has grown steadily over the past few months, according to statistical data released by Hong Kong's Mandatory Provident Fund Schemes Authority (MPFA).

Gartmore has lured Michael Gleason from Putnam Investments in the US to fill the post of senior quantitative analyst.