FCA moves to bring investment consultants under its control

Launches consultation on referral to the Competition and Markets Authority

Swedish allocator seeks ESG-friendly FoHF to run up to $300m

The manager would manage up to 30% of the Knowledge Foundation’s portfolio

Korea SWF cuts $300m from HFs due to ‘sluggish’ performance

$111bn KIC to focus on gaining strong returns amid limited volatility

Ohio highway pension selects AQR and Diamond Hill

$850m scheme has a 10% target to absolute return

Barking County to continue monitoring Aberdeen amid poor performance

FoF presents to trustees of $1.2bn UK local authority ahead of merger

Aberdeen and Standard Life announce new staff line-up

Alts boss Andrew McCaffrey to lead merged firms’ multi-manager solutions

PCA principal leaves for hedge fund

John Linder led projects for pensions such as Calpers, Oregon and Kansas Public Employees’ pensions

Fortress hires HSBC alts director

Harry Steel to focus on New York firm’s private debt arm

Massachusetts pension eyes US corporate debt spend

$200m Westfield Retirement Board issues RFP for private credit managers

Michigan Uni approves $80m FoHF allocation

The portfolio is run by Boston-based adviser HighVista

UBS FoHF increases exposure to event-driven, RV fixed income and systematic CTAs

Asset manager’s mid-year report warns of risk of ‘tail event’ amid quant crowding

Arizona state pension ‘reviewing’ $1.2bn Bridgewater allocation

Ray Dalio’s Pure Alpha fund is only strat in multi-asset class bucket

Kettera taps strategic adviser for alts platform

Nicola Meaden Grenham joins to help managed account provider with international expansion

San Fran ERS reveals $100m Elliott ticket

Paul Singer’s fund becomes $22bn pension’s third direct HF investment

Holyoke pension searching for private debt

$250m retirement system will consider managers trading uni-tranche, second-lien debt, mezzanine securities and equity warrants

Man Group head of consultant relations joins GAM

Anne Lundberg to begin in newly-created role later this month

Open Protocol publishes template for insurance-focused HFs

Modified risk reporting standard focuses on catastrophe risk

Klaus Jäntti departs Brummer; Swedish firm names new CEO

FoHF also appoints new PM and research head of flagship fund