UK/US - Baring Asset Management has appointed Pamela Hegarty to its US equity team as head of the technology sector and investment manager, while Sophie Petit joins as credit analyst in the UK fixed income and currency team.
Hegarty, who will be based in Boston, reports to Bill Thomas, head of US equities. She joins BAM from Janus Capital Group, where she conducted fundamental analysis of equity investments, specialising in the storage, semiconductor, semiconductor capital equipment and networking tech sectors.
Petit will be based in London and reports to Nigel Sillis, head of credit analysts. Previously, she worked for Moody’s Investors Service as a senior associate in the European corporate finance group, responsible for rating the credit worthiness of bond issuers in the utility sector.
Michael Hughes, chief investment officer at BAM, said: “BAM’s equity philosophy is based on the premise that by combining growth and valuation disciplines we can generate consistently superior long-term results.
“On fixed income we apply rigorous fundamental research to identify unrecognised value in real yields and credit spreads.”
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.