Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m (£221m) in cash.
The transactions - valued at current NAV - "will remove the remaining uncertainty from funds with residual claims against the Lehman estates to the benefit of both existing and new investors," Man chief...
Morgan Stanley Investment Management managing director Laura Bottega was recognised at the Women in Pensions Awards. She tells Stephanie Baxter what has been key to her success.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.