News

Four Capital Partners has hired former Morgan Stanley Investment Management manager Colin McQueen to set up a global equities offering at the firm.

The Pensions Advisory Service chairman Partha Dasgupta has launched a passionate defence of the government-funded body after a leaked Cabinet Office document revealed it remains under threat.

Europe - Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a deficit of £20.4bn ($32bn) at the end of September.

NEW ZEALAND - The New Zealand Super Fund returned 15.45% for the year to June, benefiting from the rebound in global equity markets.

Pension increases will fall by almost one-third next year as a result of the switch from RPI to CPI indexation, Towers Watson analysis reveals.

SOUTH KOREA/US - South Korea's National Pension Service said it has bought a stake in Colonial Pipeline Co, operator of the largest pipeline linking US Gulf Coast refiners and East Coast markets, to diversify its portfolio.

US - The California Public Employees' Retirement System (CalPERS) has severed ties with Pacific Corporate Group (PCG) as part of an ongoing review of its private equity programme.

Emerging markets equities will trade at a premium to developed stocks within the next five years, Baring Asset Management predicts.

The European Parliament and Council Presidency have been unable to agree on the final text of the Alternative Investment Fund Managers (AIFM) directive.