Northern Trust Global Investments (NTGI) in London is launching a new range of passive pooled funds aimed primarily at European institutional investors. As part of the launch five of NTGI's existing clients have put €700m ($889.2m) of assets into the product. The funds will provide diversification and all funds will engage in securities lending. The launch is part of NTGI's target for this year to expand its Continental European business.

Russell/Mellon Caps signs deal with Swiss consultancy