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Church of England grows U.K. forestland portfolio with £49 million acquisition
trueThe Church Commissioners for England, London, have become the largest private commercial forestry investor in the U.K., with a deal to purchase a £49 million ($76.8 million) forestry portfolio.
PIMCO adds global equity portfolio manager
trueGiles Money joined PIMCO as a senior vice president and portfolio manager focused on global growth equity strategies.
Royal Holloway, University of London seeks multiasset endowment manager
trueRoyal Holloway, University of London, is searching for a manager to run a £20 million ($31.3 million) multiasset endowment fund.
Man Group to add leveraged loan manager Silvermine Capital to stable
trueMan Group agreed to acquire Stamford, Conn.-based leveraged loan manager Silvermine Capital Management, the latest of four deals to expand its presence in the U.S.
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business
trueJ.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New Zealand, Japan and Singapore.
Lancashire County pension fund seeks pool of investment consultants
trueLancashire County Council Pension Fund, Preston, England, is searching for a pool of investment consultants.
Associated British Foods DC plan drops PIMCO multiasset fund for Invesco Perpetual
truessociated British Foods DC Pension Scheme, London, is adding Invesco Perpetual’s Global Targeted Returns Fund to the lineup of its defined contribution plan. The Invesco fund will replace the PIMCO Global Multi-Asset Fund, which is being removed this month.
CIBC said to mull offer for LSE's Russell Investments
trueCanadian Imperial Bank of Commerce is weighing a bid for Russell Investments,which London Stock Exchange Group is preparing to sell early next year.
U.K. pension funding shortfall balloons in November
trueThe aggregate deficit of occupational pension funds in the U.K. Pension Protection Fund’s 7800 index increased 34% to £221.1 billion ($346.7 billion) in November.
NEST executive seeks innovation in DC strategies
trueThe chief investment officer at the National Employment Savings Trust, London, has thrown down the gauntlet to providers of defined contribution strategies to innovate for a new DC market in the U.K., when participants will no longer be required to purchase an annuity — but to keep the participant ...
DC participants surpass DB in U.K. for first time
trueActive participants of defined contribution plans in the U.K. outnumber active participants of defined benefit funds for the first time in the 40 years of the National Association of Pension Fund's annual survey.
Tax change spurs £9 billion of commitments to U.K. private placements
trueSix money managers and insurers have announced around £9 billion ($14.1 billion) of commitments to U.K. infrastructure and other private placements in the U.K., following a change in tax treatment.
Pension Protection Fund issues call for panel of specialist consultants
truePension Protection Fund, Croydon, England, is searching for 12 to 15 consultants to form a panel of specialist investment advisers that can be engaged on short notice for ad hoc specialist advice, or money manager due diligence, said a spokesman for the pension fund.
U.K.'s NEST seeks short-term gilt managers
trueNational Employment Savings Trust, London, is looking for a manager to run 10 single-year maturity gilt allocations, said Mark Fawcett, chief investment officer at the £260 million ($407.3 million) plan.
London Pensions Fund Authority, Lancashire County plan to pool their assets
trueLondon Pensions Fund Authority and Lancashire County Council Pension Fund announced a partnership that would see them pool about £10 billion ($15.7 billion) of assets to save costs, improve performance and increase access to illiquid investments.