F&C ASSET Management is launching a listed fund of hedge funds. The F&C Event Driven Fund will be listed in London in the second quarter of 2007. The fund already has capital commitments of £85m, said a spokesman.
The new closed-end investment company will have an underlying portfolio of between 20 and 40 hedge funds selected and monitored by F&C’s dedicated fund of hedge fund business, F&C Partners. The funds will...
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.