The pension fund's losses were mainly from its public equity investments but it was boosted by the performance of real estate, bonds and alternative investments, such as private equity.
InCentive Capital made a takeover offer for Sulzer AG on Monday but today the Sulzer board recommended a rejection of that offer saying ‘it does not offer sufficient value to our shareholders’.
A new venture capital trust has been set up to invest in technologies which have been developed in the research laboratories of four UK universities.
Former business partners Hugh Osmond, chief executive of Punch Taverns, and Luke Johnson, owner of Belgo restaurants, are heading the teams racing to buy Whitbread's pubs.
UBS Capital, the private equity arm of Swiss financial services group UBS is gaining greater independence.
The investment banking arm of Barclays Bank has hired Tyrone Cooney to join its financial sponsor coverage team in France.
The technology investor has invested $4.9m in Kevab, a start-up developing 3G infrastructure products.
Although expected, Apax Partners' disposal of its remaining investment has sent Autonomy's share price down further.
Hamleys’ search for a private equity investor is over. The group says it has received unrealistic offers and will remain listed.
DEG has invested $3m in Moscow-based KMB, a vehicle which manages the loan portfolios of Russian banks affected by the 1998 crisis.