News

Russell Investment Group has launched a fund of hedge funds for institutional investors.

UK - The chief executive officer of Scottish Widows Investment Partnership (SWIP), Chris Phillips, has died unexpectedly during a walking vacation in Spain.

Former Scottish Widows Investment Partnership chief executive officer Chris Phillips has died of hypothermia during a walking holiday in Spain.

UK - State Street Corporation has announced it will now provide Paternoster with collateral management services.

NETHERLANDS - Despite generating an annual return of 5.4% less than in 2005, the Dutch fund PGGM has been pronounced ‘out of recovery' by the Dutch Central Bank (DNB).

Shareholders in the fresh crop of bulk annuity buyout firms are poised to stump up more capital to meet a surge in demand, the new insurers say.

AUSTRALIA - Australian opposition Labor Party frontbenchers have defended last month's proposal to use money from the Future Fund to finance an $A4.7bn broadband network scheme.

Angry investors ready to halt Lord Browne's £72m leaving package; Sainsbury's bid face tough going despite £3bn investment offer; Scottish Widows man dies at 50

State Street is to provide buyout specialists Paternoster with collateral management services.

BlackRock is exploring the potential of defined contribution schemes with built-in self-investment options, PP can reveal.