News

FINLAND - Private sector pension insurer Pension Fennia has increased its market share to 10.6%, up from 10.2% the previous year.

THAMES River Multi-Capital has appointed FOUR Capital Partners to manage UK equities for a number of its funds.

EUROPE - European fund of hedge funds (FoHF) are increasingly being used by institutional investors, because confidence in FoHFs investments has risen, according to a report by Fitch Ratings.

GPs pensions are set to rise after the British Medical Association won its legal challenge against the government.

US - The New Hampshire House committee has approved a bill to change the state employees' retirement system.

UK - Merseyside Pension Fund has appointed UBS Global Asset Management to manage a US equity contract, according to MandateWire.

AUSTRALIA - Just over half of employed Australians (51%) would prefer some of the government's promised tax cuts to go into superannuation funds, according to research from Roy Morgan.

GLOBAL - While the effects of the sub-prime crisis and credit crunch rumble on in the world's financial markets, some 65% of the pension funds surveyed in this month's Global Pensions 100 Panel have claimed they will "sit tight and ride out the storm"....

STENHAM has launched its third UK focused property fund in a bid to take advantage of overselling in the market.

CURRENCY overlay managers have failed to add value for the second consecutive quarter, latest figures from BNY Mellon Asset Servicing show.