Regions

William M Mercer has ended a bad week on a positive note in the UK pension fund industry by being appointed actuarial consultant for the London Borough of Islington Pension Fund.

The £575m Cardiff County Council Pension Fund has dropped Watson Wyatt and appointed Bacon & Woodrow as its actuarial consultants.

The $6.2bn Los Angeles Water and Power Employees Retirement Plan (WPERP) will appoint a new investment consultant by the end of June.

Jonathan Bolton has been appointed as a director and international equity portfolio manager at Dresdner RCM Global Investors.

AT&T shareholders have overwhelming approved changes to the corporation's charter, which until last month was at the centre of a lawsuit involving three pension funds.

The Canada Pension Plan Investment Board (CPP) lost C$852m (US$549m) in the last financial year, according to the Board's unaudited results up to March 31, 2001.

The £16bn Post Office pension fund in the UK has expanded its allocation to private equity by awarding £450m in new mandates.

Standard & Poor's (S&P) has appointed Kevin Matthews as market development director of its European institutional market services arm.

Baring Asset Management (BAM) has appointed Simon Hallett as senior European investment manager in its equity team.

Old Mutual Asset Managers (OMAM) and Umbono Asset Managers in South Africa have formed an alliance to form a new black empowerment group.