News

GLOBAL - Mercer has announced it will now place greater emphasis on the extent to which fund managers pro-actively integrate environmental, social and governance factors (ESG) into their mainstream investment process.

NORTHERN TRUST has hired Douglas Gee as UK and Irish pension fund sales manager in its asset servicing group's business development team.

FINLAND - Aberdeen Property Investors has announced the investment of US$75m from the Finnish Local Government Pensions Institution (LGPI).

UK - The £4.3bn (US$8.45bn) Merseyside Pension Fund has placed over 10% of its assets out to tender in unconstrained UK equities strategies, including 130/30 and portable alpha.

GLOBAL - The market for responsible and ethical investments is set to explode to over €500bn (US$788bn) by 2014 but the sector may risk a 'green bubble burst' if sufficient care is not taken, a new report has warned.

Including: UK - Punter Southall urges caution over buyouts; US - WR Grace to add $24m contributions

THE majority of local government schemes have successfully integrated the Myners Principles into their governance structures, delegates heard.

A GROUP of investors has called on the US Senate to enact strong federal legislation to curb the pollution causing global warming.

UK - North Yorkshire County Council has placed two mandates out to tender, worth over £300m (US$589m).

P&O FERRIES has appointed software administrator eShare to provide its pension scheme with a governance solution to improve management processes.