GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
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.
GLOBAL - 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 in cash.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
GERMANY - Germany's largest public pension fund, Bayerische Versorgungskammer, is to invest at least €1.2bn ($1.7bn) in individual hedge funds via Man Group's managed account platform.
Teacher Retirement System of Texas; The Securities and Exchange Commission; Northern Trust; Cheyne Capital Management; Threadneedle; Wilshire Private Markets; Man Group; Matrix Group.
Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.
UK - Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.
The hunt for scale and lower costs through mergers and acquisitions is set to be an industry-changing trend over the next five years, State Street says.
As equities underperform, interest in alternative investment has grown. Laura Blows discovers how small to mid-sized pension schemes can access this strategy