US - The former head of institutional sales at Merrill Lynch Investment Managers, Donald Steinbrugge, has founded Agecroft Partners, a consulting and third party marketing firm for hedge funds.
It is thought the firm will represent three or four hedge funds by the end of 2007 and its focus is expected to be on large hedge funds seeking to expand distribution in the US, but which are based outside the country.
The company also hopes to represent large funds seeking to increase their presence in the institutional market and funds wishing to significantly expand their asset base across all types of hedge fund investors.
As a result, the firm has started targeting large institutional investors including pension funds, endowments, foundations, insurance companies, institutional consulting firms, hedge fund of funds and large family offices.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.