News

US - BNP Paribas has launched a specialist long only equities and derivatives business for institutional customers.

ZENITH Vehicle Contracts has launched a salary sacrifice scheme for company cars.

HENDERSON Global Investors has launched a pan-European active engagement fund in a bid to target institutional investors.

John Lewis to let staff join pension after three years; L&G hints at legal action over Rock; Schroders fears further volatility; Lord Browne earned £3m before resignation

IRELAND - The National Pension Reserve Fund (NPRF) is in talks with the government about divesting from certain munitions manufacturing companies.

UK - The Universities Superannuation Scheme (USS) Ltd has bought the Eden Walk Shopping Centre in Kingston-upon-Thames for £80m (US$158m).

EUROPE - Morgan Stanley Investment Management (MSIM) has appointed Joseph McDonnell as head of global portfolio solutions (GPS) for Europe, Middle East and Africa (EMEA).

US - The California Public Employees' Retirement System (CalPERS) has allocated a further $300m for emerging managers who have less than US$2bn in total firm assets.

Following its seventh bi-annual evaluation of investment research, Jenny Blinch talks to Peter Scales and Ivo Knoepfel of the Enhanced Analytics Initiative (EAI)

UK - Personal account charging structures should be simple, transparent and fair, according to research published by the Personal Accounts Delivery Authority (PADA).