SWITZERLAND - Winterthur Insurance's Christoph Manser has joined AXA Investment Managers as head of hedge fund activities.
In his new role, Manser will manage AXA IM’s funds of hedge funds and its single hedge fund platform. He will also support the development of hedge fund activities in the other investment franchises of the AXA IM Group.
Based in Zurich, he will oversee the teams based in Paris, London and Zurich.
Manser had previously worked as alternative investments head for Winterthur Insurance, where he was in charge of hedge fund and private equity investments. He was also a member of the Investment Committee of Winterthur Asset Management.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.