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AXA Investment Managers taps business development manager
trueMartin Powis was named business development manager at AXA Investment Managers.
Money managers, markets relieved by Scotland's 'no' vote
trueScotland's “no” vote on independence was met Friday with a sense of relief among money managers and markets.
Plumbers & Steamfitters union sues over AbbVie, Shire merger
truePlumbers & Steamfitters Local 60 Pension Plan, Metairie, La., filed a class-action lawsuit on Monday against AbbVie Inc., several AbbVie executives and Shire PLC regarding the combination of the two firms.
Ontario Teachers acquires remaining 50% share of Bristol Airport
trueOntario Teachers' Pension Plan said Wednesday it will become the sole owner of Bristol International Airport in England after agreeing to buy the 50% share held by Macquarie Group.
Environment Agency Pension Fund picks manager for sustainable investment
trueEnvironment Agency Pension Fund hired Ownership Capital to run £85 million ($138 million) in an active sustainable global equity strategy.
Pensions Trust taps Ownership Capital for global equity
trueThe Pensions Trust, Leeds, England, hired Ownership Capital to run £130 million ($211 million) in active global equities.
U.K.'s Department for Work & Pensions names private pensions director
trueCharlotte Clark was named director of private pensions at the Department for Work & Pensions.
Schroders chooses chief for Europe product and manager solutions
trueHenriette Bergh joined Schroders as head of Europe product and manager solutions, ex-U.K., a spokeswoman said.
Uncertainty reigning prior to Scottish vote
trueMoney managers, consultants and investors are for the first time being forced to take seriously the potential for a breakup of the United Kingdom.
U.K. to issue bond in renminbi
trueThe U.K. government intends for Britain to become the first Western country to issue a bond in China's currency, the renminbi, said U.K. Chancellor of the Exchequer George Osborne.
British Medical Association selects Buck as pension fund consultant
trueBritish Medical Association Staff Pension Scheme, London, hired Buck Consultants as investment consultant.
Alpha Strategic takes minority investment in Premium Point
trueAlpha Strategic has made a minority revenue share investment in U.S. alternative money management firm Premium Point Investments.
Towers Watson: U.K. employees turning away from annuities for retirement savings
trueU.K. employers expect only 40% on average of their employees to buy an annuity to fund their retirement once the government's new rules over defined contribution plans come into effect, beginning in April 2015, a Towers Watson survey found.
Kestrel Partners hires AP3 asset management head
trueGustaf Hagerud will join Kestrel Partners in London as a partner.
Greater Manchester Pension Fund sticks with GVA Grimley for real estate
trueGreater Manchester Pension Fund, Manchester, England, rehired GVA Grimley to run its real estate venture fund.