Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.
US - AXA Rosenberg Group, AXA Rosenberg Investment Management (ARIM) and the Barr Rosenberg Research Center (BRRC) have agreed to pay a total of $242m to settle SEC charges after concealing a coding error from investors.
UK - The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.
The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management and BlackRock to run five mandates for its default fund.
UK - The BT Pension Scheme shortfall shrank £1.5bn ($2.4bn) in Q4 last year, helped by a £1bn increase in asset values and a £525m deficit payment, according to its quarterly report.
UK - The Pensions Regulator has overhauled its senior management team and their responsibilities to give defined contribution and auto-enrolment greater importance.
Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.
AUSTRALIA - Pension fund Sunsuper has acquired the Melbourne central business district (CBD) office property for AU$107m ($108.3m), the fifth in its direct property portfolio.
US - Deficits of the pension funds sponsored by S&P 1500 companies were $45bn less at the end of January than they were a month earlier, figures by Mercer show.
NEW ZEALAND - The Guardians of New Zealand Superannuation have appointed FarmRight as the first investment manager in its rural land strategy and acquired its first dairy property in West Otago.