News

Man Group has agreed to acquire GLG Partners in a deal worth $1.6bn.

UK - Man Group has agreed to acquire GLG Partners in a deal worth US$1.6bn.

The US Securities and Exchange Commission has accused a former Schroders Investment Management North America portfolio manager of using confidential information to encourage his family members to offload their shares in funds he managed.

US - The Securities and Exchange Commission has accused a former Schroders Investment Management North America (SIMNA) portfolio manager of using confidential information to encourage his family members to offload their shares in a fund he managed.

US - The deficits of US defined benefit plans jumped by US$33bn during the month of April, the latest Milliman 100 Pension Funding Index revealed.

US - The Orange County Employees Retirement System (OCERS) estimated a software programming error which caused liabilities to be underestimated will cost the fund between US$6m and $7m per year.

IRELAND - J.P. Morgan Asset Management has hired Kevin Coughlan as head of its Ireland business, a new position created to help the firm increase its Irish footprint.

Members of both the Faculty and Institute of Actuaries are being urged to once again oppose a vote to merge the two bodies.

Pensions and tax reform to hit life industry; Grocer seeks to plug pension gap with property; Will they listen to a pension crusader?; Rocketman Livingston fuels BT's climb out of trouble; BT bounces back with dividend pledge

The trustees of the £40m British Horseracing Authority pension scheme have appointed Mercer to provide implemented consulting services.