News

US - The Teacher Retirement System of Texas (TRS) has reportedly signalled a shift towards alternative investments.

UK - Bulk annuity buyout provider Paternoster has announced it is the annuity provider for £411.7m of pension scheme liabilities, as of the 31 March 2007.

THE MARATHON Club has published guidance for trustees and their advisers on the implementation of a long-term investment approach.

HSBC Actuaries and Consultants has been appointed to provide administration service to the Inchcape Group UK Pension Scheme.

US - Public defined benefit (DB) pension schemes have invested more in international equities than their corporate counterparts for the first time in five years, according to a new report.

CREDIT Suisse has won an £80m diversified growth mandate from Morgan Crucible's pension scheme.

Top TV comedian Jimmy Carr will be the host of this year's UK Pensions Awards at London's Grosvenor House Hotel on Tuesday.

ASSETS under management at JPMorgan Asset Management grew 21pc during the first quarter of 2007 to more than $1trn (£506bn), latest company figures reveal.

GERMANY - Credit Suisse Asset Management Germany predicted the stock market rally would stop before the end of 2007.

UK - Dutch pension fund ABP's former head of global quantitative strategies, Erik Rubingh, has been hired by F&C Investments to develop an active quantitative strategies capability.