Regions

Switzerland's Versicherungskasse der Stadt Zurich (Zurich civic pension fund) is to increase its non Swiss equities brief as part of a review of the entire CHF12bn (US$6.7bn) fund.

Towers Perrin's investment consulting head John Conroy has left the company to join investment manager Gensec, with effect from July, 2001.

The UK's Association of Consulting Actuaries (ACA) has slammed all three main political parties' pensions manifestos, expressing "disappointment" at how little is being said in the UK election about boosting pension provision.

The $1.8bn New York City Board of Education Retirement System has extended its search for a new investment consultant.

International fund managers could be the big winners from the New Zealand government's decision to open up the NZ$3.5bn (US$1.44bn) Government Superannuation Fund to global share markets.

Ireland's investment performance standards have become the first set of guidelines to be accepted as a country version of the Global Performance Investment Standards (GIPS).

Indiana's $6bn State Teachers' Retirement Fund has appointed Holt-Smith and Yates to run a $25m active US large cap growth equities mandate.

European investment house F&C Management has appointed two new investment managers to its global equity desk.

Norway's government oil fund, the NOK425bn (EUR54bn) Statens Petroleumsfond, is venturing into non-government bonds for the first time next year and may also be restructuring its equity portfolio.

Mercer in Ireland has re-orgainised its leadership with the appointment of Paul O'Faherty as chief executive, effective from July 1, 2001. He replaces Jim Kelly who is retiring at the end of the year.