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Bank of England committee to assess U.K. managers' liquidity oversight
trueThe Bank of England’s Financial Policy Committee has called for information to be gathered from money managers in the U.K. about their strategies for managing the liquidity of portfolios in normal and stressed scenarios.
John Heathcoat pension fund selects Punter Southall for actuarial, investment services
trueJohn Heathcoat Pension Scheme hired Punter Southall to provide actuarial, administration, risk and investment services.
Vontobel to acquire majority stake in TwentyFour Asset Management
trueVontobel Asset Management announced Wednesday it will acquire a 60% stake in London-based fixed-income boutique TwentyFour Asset Management, pending regulatory approvals in the U.K. and Switzerland.
Newton Investment Management taps U.K. institutional business development manager
trueCatherine Booth was named U.K. institutional business development manager at Newton Investment Management.
U.K.'s Financial Conduct Authority to study money management fees
trueThe U.K.'s financial watchdog will launch a market study on money management next year, looking at the fees paid by investors and what drives those fees.
GIC, Exeter Property Group form European real estate partnership
trueSingapore sovereign wealth fund GIC formed a €300 million ($328 million) real estate partnership with Exeter Property Group.
CFA Society of the U.K. members see developed markets equities as overvalued
trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.
Amundi taps head of European equities
trueLaurent Ducoin joined Amundi as head of European equities.
SEI adds client director in institutional group
trueBrian McCauley joined SEI as a client director within the institutional group in London.
Cordea Savills to acquire SEB Asset Management
trueCordea Savills, a London-based real estate investment manager, will acquire Frankfurt-based SEB Asset Management for up to €21.5 million ($23.3 million), pending regulatory approvals.
U.K. chancellor's budget allows retirees to sell annuities to third parties
trueChancellor of the Exchequer George Osborne’s budget announcement Wednesday included further reforms to the U.K. retirement market, with changes to tax rules and the launch of a consultation into building a secondary annuities market.
Pantheon closes second global infrastructure fund
truePantheon Ventures closed its Global Infrastructure Fund II with more than $1 billion in capital, exceeding the targeted fundraising and surpassing the private equity firm’s inaugural 2009 vintage fund.
Lothian Pension Fund adds £300 million in-house global equity portfolio
trueLothian Pension Fund created a £300 million ($450.9 million) in-house global equity portfolio.
Lloyds Banking Group chooses interim pension CIO
trueLloyds Banking Group appointed a unit of Momentum Global Investment Management to act as chief investment officer for its retirement plans.
Investing smarter addressed at NAPF conference
truePension fund executives and their money managers must “invest smarter” if they are to ride out stubbornly low interest rates, increased longevity and other external factors, while continuing to deliver value to participants.