The Avon Pension Fund has appointed Loomis Sayles to run its first multi-asset credit mandate worth £485m after an open tender.
The National Association of Pension Funds (NAPF) is in discussions with Dalmore Capital over management of the Pensions Infrastructure Platform's (PIP) equity mandate.
A group of 22 pension schemes has dropped a High Court case against Henderson Equity Partners for breach of mandate, after the fund manager agreed to pay legal costs.
Middlesbrough Council has appointed BNP Paribas to act as custodian for the £2.5bn Teesside Pension Fund.
JAPAN - Japan's corporate pension funds have twice as much money entrusted to pooled accounts run by life companies and trust banks as they have under mandates awarded to asset managers, research shows.
The Leicestershire County Council Pension Scheme has challenged Aegon Asset Management to deliver £10m annual investment outperformance after handing the firm a £2bn asset allocation mandate.
AUSTRALIA - Energy industry superannuation fund ESI Super has split its A$800m ($718m) Australian equities portfolio between five managers.
Corporate pension funds in the UK and overseas are continuing to move towards liability driven investment strategies, the Investment Management Association says.
Global defence, security and aerospace company, BAE Systems has appointed Xafinity Paymaster to provide third party administration services across five of its pension schemes.
GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.