News

EUROPE - The European Union (EU) Council has given its presidency a mandate to negotiate a final draft of Alternative Investment Fund Managers (AIFM) directive with the European Parliament (EP), the final step before an expected approval in July.

US - The California Public Employees Retirement System, the largest U.S. public pension fund, voted to split the roles of chairman and chief executive officer at JPMorgan Chase & Co. currently held by Jamie Dimon.

CHINA/UK - China's National Council for Social Security Fund (NCSSF) has awarded an active European equity mandate to Newton, a BNY Mellon Asset Management unit.

The Local Government Pension Scheme is currently unaffordable and will wither away unless radical action is taken, delegates heard.

UK - The Local Government Pension Scheme is currently unaffordable and will wither away unless radical action is taken, delegates heard.

Study sees end of road for final salary pensions; Workers put £1bn less into pensions

Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.

UK - Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn (US$1.44bn).

Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn.

CANADA/AUSTRALIA - The Canada Pension Plan Investment Board (CPPIB) has teamed up with one of Australia's largest property groups to launch an A$400m (US$351.8m) Australian real estate fund.