Regions

CalPERS, the giant $152bn pension scheme for California's public employees, has started its search for active managers to run approximately $1bn to $2bn in US corporate high yield and / or leveraged loan securities, as reported in March by IPN.

Fidelity Investments has been voted as best pan-European fund manager in the latest Thomson Extel survey 2001.

UK's Boeringher Ingelheim, the ethical pharmaceutical manufacturer, has reinstated Schroder Investment Management to handle its £80m defined benefit scheme.

Alain Schibl, managing director at CBI-UBP in London, has quit the company to set up his own asset management business, the name of which has yet to be confirmed.

WestAM, the $35 billion institutional asset management arm of WestLB, Germany's fourth largest bank, has bolstered its global high yield group with the appointment of John Lupton.

New York City's Office of Labor Relations (OLR), which runs the NYC Deferred Compensation Plan (DCP), will appoint a fund manager to run a $193m mid / large cap socially responsible investment (SRI) mandate in November.

The R13.6bn ($1.7bn) Transnet Retirement Fund in Johannesburg is set to review its non-domestic investment managers, according to the fund's chief executive officer, Ian Smith.

SEI Investments has received an additional $200m of defined benefit (DB) pension plan assets from commercial printer Quebecor World's US operations.

Peter Meier has resigned as chief executive officer of Swissca Portfolio Managers, following a disagreement with the company's board over investment strategy.

Deutsche Asset Management (DeAM) has appointed four new regional chief operating officers (COOs), as part of Deutsche Bank's corporate restructure announced earlier this year.