News

Friends Provident's UK managing director, Simon Clamp, died early this morning following a short illness.

GLOBAL - Fewer than one in 10 institutional investors has invested in Ucits-compliant hedge funds, but 35% could within 12 months, in what could prove a major boost for the US$35bn regulated long/short sector, research by Preqin revealed.

NETHERLANDS - APG, the asset management arm of Dutch civil service pension fund ABP, has dismissed two investment professionals for violating the company's code of conduct.

NETHERLANDS - Assets under management of Dutch pension funds increased by 3% during the fourth quarter of 2009 on the back of equity gains, data by the De Nederlandsche Bank (DNB) revealed.

Pension funds are natural buyers of infrastructure assets and funds but they are being presented with product which does not meet their specific needs, BAE Systems Pension Funds Investment Management says.

UK - Pension funds are natural buyers of infrastructure assets and funds but they are being presented with products which do not meet their specific needs, BAE Systems Pension Funds Investment Management said.

The UK's Debt Management Office realises there is strong demand from institutional investors for index linked and long dated gilt issues but is obliged to balance issuance with the unit's statutory obligation to ensure a transparent and predictable auction...

The DZ Bank London Branch Pension Plan has appointed Gatemore Capital Management to provide it with a dedicated chief investment officer service.

The Pensions Regulator's hardline stance on enhanced transfer value exercises could leave trustees vulnerable to legal action should an employer fail, a lawyer warns.

The International Accounting Standards board has confirmed it will no longer allow companies to use the corridor method in their accounting.