News

Move to clam pension industry fears; Head of private equity body quits; Blackstone IPO hit by US tax proposal; HSBC plans to ‘get out or bulk up'

SWEDEN - AP1 has confirmed the departure of managing director William af Sandeberg at the end of 2007.

CHINA - Société Général Asset Management (SGAM) has increased its share in Chinese Fortune SGAM to the highest local permissible limit.

SCHRODERS' Property multi-manager team has boosted its number of local authority mandates to nine after winning mandates from Shetland Islands Council and Warwickshire County Council.

US - The Teachers' Retirement System (TRS) of Illinois has dumped NCM Capital Advisers from its emerging managers mandate due to "organisational concerns" after just one year.

UK - Citigroup plans to launch a new set of alpha indices in this month to complement the creation of its Beta 1 currency index.

UK - The Parliamentary Contributory Pension Fund has remained tight lipped over a £9m mandate awarded to hedge fund of fund managers, Quellos Capital Management.

US - The Chicago Board of Trade (CBOT) has denied being party to a class action settlement with LAMPERS.

Time is running out for schemes to register or be nominated for this year's Pension Scheme of the Year Awards.

THE Pensions Regulator and Close Brothers Corporate Finance are holding a free scheme specific funding workshop in London on July 30.