We are not surprised to see the market become more challenging.The trend towards a more selective market has continued to play out. We continue to expect the M&A environment to be robust...

United First Partners (UFP) is pleased to announce the appointment of Pascal Marionneau as Global Head of the Credit Solutions business line. Pascal will be a Managing Partner and a member of the Executive Board.

The California Public Employees' Retirement System (CalPERS) announced today that it had reached a $12.75 million settlement with Ernst & Young LLP (E&Y), the former auditor for Lehman Brothers (Lehman) with respect to claims arising out of CalPERS purchases of Lehman stock and bonds prior to the collapse of Lehman in 2008.

The survey finds that LDI is popular, but in concrete terms the fund separation approach, which is consistent with the LDI paradigm, is not yet sufficiently widely applied to manage the LDI approach optimally, especially in southern European countries.

Koris International has recently launched a large scale transparency campaign on Exchange Traded Funds' risks and performance. With over 10 years of experience in developing dynamic asset allocation solutions, mainly implemented using index funds and ETFs, the company wishes to share its experience on those passive investment vehicles.