News

Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June last year.

JAPAN - Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry.

UK/US - Barclays Global Investors' (BGI) assets under management increased 12% in the first six months of the year, with the firm's iShares business experiencing the fastest growth, its UK-based parent company Barclays reported today.

US - The California Public Employees' Retirement System (CalPERS) invested US$463m in a real estate portfolio consisting of almost the same shopping centres it had previously sold in 2005.

UK - Pension scheme deficits have failed to improve despite significant rises in equity markets, latest research revealed.

GLOBAL - Julius Baer has created a structured version of its Physical Gold Fund, available to pension funds and other institutional investors.

US - Pension funds are considering entering a class action against JPMorgan Chase, Fitch and Moody's related to transactions on mortgage pass-through certificates.

Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry.

Lloyds TSB Development Capital has completed a management buyout of JP Morgan Invest, a financial education and employee wealth management services provider.

Pension scheme deficits have failed to improve despite significant rises in equity markets, latest research reveals.