The London Borough of Redbridge's £240m (€376m) pension fund has replaced both its investment manager and its investment consultant following a best value review.

The fund replaced Merrill Lynch Investment Management with Capital International, which will manage a £120m balanced mandate. Schroder Investment Management, which was also placed under review, was re-appointed and will continue to run its £120m balanced brief.

UK pension fund drops Merrill Lynch as investment manager

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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