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AllianceBernstein EMEA client director departs
Richard Haxe, senior managing director and co-head of the client group for Europe, the Middle East and Africa at AllianceBernstein, is leaving the company.
Blackstone to boost energy investments in Africa
Blackstone Group plans to start investing in energy projects in Africa worth $3 billion amid increasing demand for power on the continent.
As private equity portfolios expand globally, emerging markets see growing share
More private equity investors are delving into emerging markets, but significant hurdles still remain to finding sustained outperformance, according to consultants and pension fund executives.
Zimbabwe official sees need for fund to manage diamond wealth
Zimbabwe needs to set up a sovereign wealth fund for revenue from its Marange diamond fields, Tendai Biti, the country’s finance minister, told a conference in Johannesburg on Thursday.
Russell Investments names CEO for EMEA
Pascal Duval was appointed CEO of Europe, Middle East and Africa at Russell Investments.
Kenyan roads group seeks to start pension fund
Kenya Rural Roads Authority, Nairobi, is searching for a consultant to help the authority start a pension plan, according to an announcement posted on the website of Tenders Unlimited, a public procurement database for Kenya and the East Africa region. The RFP is available by mail from the Kenya
Kenyan Social Security fund chooses 6 managers
Kenya's National Social Security Fund, Nairobi, hired six money managers in an effort to boost returns. The 110 billion shilling ($1.2 billion) state-run fund signed up Stanbic Investment Management, Old Mutual, Genesis Investment Management, Co-op Trust Investment Services, PineBridge Investments