News

UK- Barclays Global Investors has hired David Gagnon as a director of transition strategy, where he will head the team which handles client portfolio restructurings.

GERMANY- Allianz Global Investors announced assets under management for its German division fell 11% to €259bn ($331bn) at the in the year ended 2008.

The Royal Bank of Scotland Group pension scheme may use more than £800m of taxpayer cash to shore up the funding position of its pension fund.

The £1.4bn Avon Pension Fund has hired Partners Group and Schroders to manage a property mandate worth approximately £180m.

Labour MP Ann Clwyd is to introduce a Bill aimed at limiting pensions of bankers working for institutions bailed out by the government.

Jim Sutcliffe has been appointed as the next Board of Actuarial Standards chairman and a director of the Financial Reporting Council.

JPMorgan Asset Management's UK institutional business received more than US$4.2bn (£3.03bn) in new assets last year.

Banking executives should have their pensions capped; RBS moves to support pension schemes with £800m injection of taxpayers' cash; Ex-RBS chief Goodwin faces legal challenge to £693k pension; Gilt yields fall to 50-year low before first auction; A nation...

UK - The Royal Bank of Scotland (RBS) Group pension scheme may use more than £800m of taxpayer cash to shore up the funding position of its pension fund.

US - The North Dakota State Investment Board (SIB) has axed Westridge Capital Management, whose principals were arrested for alleged fraud last month.