News

PERMAL is set to launch an emerging markets fund of hedge funds to focus on countries along the silk road.

MERCER has launched an outsourced liability driven investment solution.

THE UK individual retail pensions market is set for further consolidation, a report by Defaqto claims.

AUSTRALIA - Investec Asset Management has targeted Australia with plans to launch operations in Sydney by January 2008.

ROYAL LONDON is set to take a stake in Investment Funds Direct, the holding company behind fund supermarket Fundsdirect and the Ascentric Wrap service.

GLOBAL - Diversification in the market has lead to convergence as traditional managers look to out perform alternatives according to a study by KPMG and CREATE-Research.

RESOLUTION has withdrawn its recommendation of the £4.9bn takeover deal put forward by Standard Life after Pearl assurance increased its stake in the company and put forward a counter-offer.

BENELUX - Credit Suisse has appointed BlackRock's Robert Koopdonk as head of institutional clients for Benelux.

US - The California State Teachers' Retirement System (CalSTRS) has tendered a mandate for alternative investment portfolio advisors.

C&W eyes pension plan disposal; Agency workers could get full-time rights; Mercer backs LDI work with new funds; Resolution ends deal support