News

ALLENBRIDGE has launched a division to provide hedge fund consultancy services to pension schemes.

PERU - Deutsche Bank has moved into Peru to expand its local presence and offer international institutional clients direct access to the market.

UK/BELGIUM - Fund of hedge fund (FoHF) manager International Asset Management (IAM) has announced it has parted company with Fortis after a full management buyout.

US - Continuing weakness in the global economy and deleveraging of the US financial system could hurt pension funds further, according to BNY Mellon Asset Management.

UK - Employers need to work harder to dispel the negative press defined contribution (DC) has attracted, despite many businesses reviewing staff schemes in recent times.

US - A multi-billion dollar damages claim issued against the Bank of New York Mellon could pose a systemic risk issue for US and even worldwide financial markets, a banking expert has warned.

THE London Borough of Barnet Superannuation Fund has gone out to tender for a actuarial adviser.

UK - A Barings study has revealed 2.3 million Brits - 5% of the UK adult population - have decided to review their pension arrangements in the last 12 months, as a result of falling property prices.

US - Colorado Public Employees' Retirement Association (PERA) has come out on top of a survey measuring service and costs among international and US pension funds.

GLOBAL - The Alternative Investment Management Association (AIMA) has announced plans to publish a guide to 'sound practices' for the global fund of hedge fund (FoHF) community.