Hermes Fund Managers has launched a global credit asset management boutique with an initial £400m investment from the BT Pension Scheme.
Life and pensions providers Royal London and Standard Life have reported strong growth in their UK businesses during 2009.
The £12m Mercury Provident Pension Scheme has appointed DBC Pension Services to provide it with full administration and trustee secretarial services.
A former BlueBay hedge fund manager has been fined £140,000 and banned by the FSA for misleading investors and the regulator.
UK - The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.
The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.
US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Medewerkers Apotheken (PMA) has filed a federal court lawsuit against State Street Bank and Trust alleging breach of fiduciary duties and securities fraud following losses in a 120/20 fund.
US - Major US pension funds have invested in the second infrastructure fund raised by Alinda Capital Partners, which recently closed at US$4bn.
US/EUROPE - A group of investors led by the Retirement System for the General Employees of the City of Miami Beach have won a class action trial against Vivendi and will be entitled to recover an estimated US$9.3bn.