News

UK - Global Pensions has exclusively learnt of a new currency fund being developed by Hermes Investment Management Limited, the wholly owned asset manager of the £38bn UK BT Pension Scheme.

CANADA - The CEO of the Ontario Teachers' Pension Fund (OTPP) has criticised Bell Canada Enterprise's (BCE) board over its part in the recent buyout.

IRELAND - Bank of Ireland Asset Management (BIAM) has announced two resignations from its global equities team management just one year after the firm's dramatic hierarchy shake up.

OTTO THORESEN has outlined some of the concepts currently being considered in his review of generic financial advice.

FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) is looking for two managers for passive French equity management mandates totaling €500m.

GLOBAL - Hedge funds increasing their exposure to the growing catastrophe bond market could spell disaster for pension funds.

HSBC INVESTMENTS has appointed Julian Lyne to the new position of head of global consultant relations.

Trade union officials have attacked hygiene group Lil-Lets over plans to slash pension benefits by up to 30pc.

More than 150 UK employers have signed up to the government's voluntary pledge to train staff, figures show.

Diverging UK and US interest rates are creating a "golden opportunity" for hedging plays for managers of sterling funds, Managing Partners claims.