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West Midlands Pensions Fund, one of the UK’s largest pension plans, made a rare change of manager this week by replacing Gartmore Private Equity, the Hellman & Friedman-backed fund manager, with fund of funds Capital Dynamics, as it expands its asset allocation to alternative investments.

The pension fund has selected Capital Dynamics for a $150m (€117m) mandate to make investments into buyout funds across the Asia-Pacific region.

West Midlands scheme switches alternatives manager

Paul Hodkinson

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Audit watchdog sticks with flexible working amid Canary Wharf office shift

Ex-Barclays banker Jerry del Missier joins UK non-dom exodus to Milan

UK banks uncovered 178 staff WhatsApp breaches, FCA survey finds

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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Gold Higher as U.S. Economy is Seen Stalling

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data

Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

For a Few CEOs, Pay Keeps Growing—by the Billions

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