News

Pension funds across Europe are still moving away from equities despite improving market conditions, Mercer research finds.

EUROPE - Pension funds across Europe are still moving away from equities despite improving market conditions, Mercer research found.

Gartmore Investment Management and Hermes Fund Managers have combined their private equity fund of funds businesses, to form a new company called Hermes GPE.

Cross boarder financial services provider STM Group has bought Jersey based Zenith Trust Company.

Railpen Investments has restructured its investment team following the appointment of Frank Johnson as managing director.

Scottish employers who equalised retirement ages between male and female members will not have to increase scheme contributions in line with their English counterparts, a law firm says.

IRELAND - Irish managed pension funds continued to benefit from investor enthusiasm for global stocks over the three months to the end of March, according to a survey.

US - The funding level of the three largest Californian pension funds has so far been understated due to the accounting rules used, a study by the Stanford Institute for Economic Policy Research (SIEPR) revealed.

US - The California State Teachers' Retirement System (CalSTRS) will begin debating this week maiden investments in microfinance.

CANADA - A consortium led by the Ontario Teachers' Pension Plan (OTPP) has bought US aluminium container manufacturer Exal Group.