News

GLOBAL - Institutional investors believe the fallout from the credit crunch will spread to other asset classes and many have moved to mitigate their exposure, according to research by Greenwich Associates.

British Airways Pension Fund has embarked on plans for a £30m industrial development in west London.

J Sainsbury has opened its books to Qatari investment fund Delta Two, clearing the way for a meeting with the pension fund trustees.

INCLUDING: UK - Martin Currie deal; GLOBAL - Difficulties for hedge funds UK - NAPF appointments;

Sainsbury's sale enters final stages as Qataris see the books; FSA under fire over Northern Rock role; Morrison puts £1bn property deal on ice over credit squeeze; Barclays' £41.3bn ABN bid ‘too low'; Corporate bonds take a battering

UK - Investment consultants have claimed that people matter more than past performance when it comes to managerial selection.

FRANCE - Five rail unions have announced plans to strike on October 18 in protest against proposed pension reforms.

UK - CQS, a London-based hedge fund, has revealed it will acquire investment manager New City creating an asset management business with US$9bn of assets under management.

Postal workers are to hold new strikes over their pensions and pay dispute with Royal Mail.

New regulations banning trustees of collapsed pension schemes from bulk-buying annuities for members have been backed by an independent trustee.