Aviva has acquired US equity manager River Road Asset Management as it looks to grow its institutional business and expand in the US market.
UK pension funds have fought back from a dismal 2008 by delivering their best returns in four years, research from BNY Mellon reveals.
UK/US - Aviva has acquired US equity manager River Road Asset Management as it looks to grow its institutional business and expand in the US market.
Hermes has appointed Fred Cleary as director, government bonds within its fixed income team.
US - Goldman Sachs Asset Management said it would not raise the base fee on its Global Tactical Asset Allocation fund back to its original level until the start of next year.
FRANCE - France's reserve fund the Fonds de Réserve (FRR) pour les Retraites has terminated Dexia Asset Management from a socially responsible investment (SRI) mandate due to poor performance.
US - Goldman Sachs Asset Management said it would not raise the base fee on its Global Tactical Asset Allocation fund back to its original level until the start of next year.
Towers Perrin and Watson Wyatt have completed their $4bn (£2.47bn) merger, creating their new firm Towers Watson.