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.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.