UK - Investec Asset Management has strengthened its global equity team with the appointment of Mark Breedon as a fund manager for emerging markets.
Breedon joins from Alliance Capital where he was director and senior vice president.
Before joining Alliance in 1986, he served as head of European equity portfolio management and research at First Chicago - later to become Brinson Partners - and was also head of European equity research at Vickers Da Costa.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.