US - Laurence Fink, chairman and chief executive of BlackRock, said billions of assets could flow into perpetual preferred shares issued by European banks looking to recapitalise as they face more stringent capital requirements.
Andrew Short takes a look at diversified growth funds, and outcome-driven tailored investment that is being seen as a solution to ever-shrinking retirement funds.
US - Assets at BlackRock hit $3.3trn in the third quarter, down 9% over the three-month period, after market declines battered equity strategies.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
The Pension Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel.
EUROPE - iShares has launched a Europe-wide initiative to help professional investors identify structural risks and carry out due diligence on ETPs.
KPMG snags Mercer partner, Mercer poaches from NEST, BlackRock, BlueBay, ICI, Impax, Man Group, Aviva, Barings
GLOBAL - JLT Investment Solutions, New Mexico Public Employees Retirement Association Board, AXA Investment Managers, BlackRock, Teachers' Retirement System of the State of Illinois, F&C Investments, RPMI, Oddo Asset Management
US/ASIA - BlackRock has appointed ING Investment Management's Joel Kim as head of Asia-Pacific fixed income.
BlackRock has hired Simon Beresford and Neil Purvis as part of its to push to be "provider of choice" in the bundled defined contribution market.