Invesco

The London Borough of Lambeth has invested €90m (£75m) in one of Invesco Perpetual's pan-European property funds.

IRELAND/US - State Street, the world's second-biggest money manager for institutions, is in talks to purchase Bank of Ireland's asset-management business, according to three people familiar with the matter.

European pension funds are shunning cash in favour of riskier alternative investments, a survey shows.

EUROPE - European pension funds are shunning cash in favour of riskier alternative investments, a survey shows.

GLOBAL - Low liquidity levels in the fixed income markets have led investment grade and high yield exchange traded funds to rack up higher-than-expected tracking errors and lower performance, asset manager Robeco said.

GLOBAL - Pension funds and other institutional investors could plough more than $200bn into worldwide property markets over the next five years, Invesco Real Estate has predicted.

Pension schemes currently have significant numbers of opportunities across global real estate markets, Invesco Real Estate says.

Professional Pensions has teamed up with Invesco Real Estate to launch the International Property Forum 2010.

The Investment Management Association has appointed Douglas Ferrans as chairman.

US - Morgan Stanley will sell its retail business, including Van Kampen Investments, to Invesco for $1.5bn as the firm increases its focus on the institutional market.