UK - Isis Asset Management has reported a £5.5m drop in pretax profits.
Chairman Sir David Kinloch said: “The current environment is providing a very different as well as difficult environment for asset managers.”
Equity markets have recorded their sixth consecutive half-year fall. The FTSE 100 index has fallen 43% since the beginning of 2000.
LGPS Central has appointed Hermes Equity Ownership Services (EOS) to run engagement and voting services for the investments of its nine local authority funds.
The Universities Superannuation Scheme (USS) is being pressed to ignore advice from a joint expert panel, which would store up problems with "pernicious consequences" for the higher education sector.
Simon Eagle of Willis Towers Watson says that, based on his work for Royal Mail, well-designed collective defined contribution (CDC) funds would be viable for some other UK employers too.
Bhavin Shah continues Newton Investment Management's series of DC columns with a look at how schemes can meet the challenges of providing income in a low interest rate world