News

Hopes of sustained rally subside as Wall Street and ECB balk; ECB ditches rate hike as Sarkozy wins fight; Delta Two may turn to OFT for guidance on Sainsbury's talks; Credit crunch bites at Home Depot

AUSTRALIA - Russell Investment Group, announced that Funds SA has significantly increased its discretionary mandate with Russell's real estate group as an indication of its confidence in the global property market.

THE PENSIONS Trust has appointed Standard Life Investments as manager of a £140m UK gilt portfolio.

INCLUDING: UK - SLI wins mandate; UK - First State Infrastructure fund launch; US - FTSE for Texas; UK - GTAA mandates tendered

UK - Men over the age of 50 dominate at the helm of UK company-sponsored pension schemes - despite efforts to encourage more involvement from women and younger employees, according to new research.

HENDERSON Global Investors saw operating profits increase 32pc to £61.4m following an increased fee income, interim results reveal.

FRANCE - BNP Paribas confirmed it would resume calculating the net asset value (NAV) of the three funds it froze over two weeks ago in addition to allowing subscriptions and redemptions at the end of August.

Pension Scheme of the Year Awards' judges have drawn up shortlists for another five categories.

PROPOSED changes to section 75 buyout debts will have a "catastrophic" effect on firms that want to leave a multi-employer scheme, experts warn.

Tube strike will cause massive disruption, says union; Sub-prime crisis will drag America into recession, says boss of largest US lender; Barclays' CDO chief in Europe quits as sub-prime crisis hits funds; Turmoil throws investing strategies awry