Including: UK - Morse appoints new consultants; US - Threadneedle goes 130/30; UK - Axiom's new MD and expansion; UK - Gartmore appointment; US - Russell launches DB plan review
UK – Morse appoints new consultants
International consultancy firm Morse has announced the appointment of two new consultants.
Grant Cooper, formerly of Citigroup Corporate and Investment Banking has joined the manufacturing practice in London and Neil Fraser, who has joined from Charles River Development will work in the Applications and Technology practice, based in Edinburgh.
US - Threadneedle goes 130/30
Threadneedle has announced the launch of its first 130/30 strategy fund, to be managed by US equities fund manager Stephen Moore.
The Threadneedle American Extended Alpha Fund has been designed to maximise alpha returns through a fundamental, stock picking approach.
UK - Axiom’s new MD and expansion
Ian Major has been appointed as Axiom’s new managing director of consulting services, a role he has filled on an interim basis since July.
Major indicated his first priority would be to double the number of consultants in his team and said further announcements would follow.
UK - Gartmore appointment
Gartmore has appointed Jamie Brooke as fund manager dedicated to the UK Smaller Companies team.
Brooke has previously worked for Quester and private equity firm 3i. He is a trained chartered accountant.
US - Russell launches DB plan review
Russell Investment Group has launched Russell Strategic Review (RSR), a new asset allocation process to enable defined benefit (DB) plan sponsors to evaluate the state of their plan and its impact on the company as a whole.
The service would examine the totality of a company and its pension arrangements.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).