The $37bn (€28.5bn) United Nations Joint Staff Pension Fund is to shift $9bn into outsourced passive equity investments, a much higher proportion than previously expected.

Thirteen bids from external managers have been received for the indexed North American equities portfolio, according to UN Controller Warren Sach.

UN fund to move $9bn into passive investments

Mark Cobley

BlackRock acquires HPS Investment Partners for $12bn in private markets push

Nomura CEO takes pay cut after ex-employee charged with attempted murder

Abrdn becomes UK’s most-shorted company

HSBC bolsters London wealth team with Standard Chartered hire

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Lender has been on a hiring spree as it aims to woo more wealthy clients

White & Case hires fund finance partner in London

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Experienced fund finance lawyers are in high demand in London

Addleshaw Goddard hires City corporate partner trio from Pinsent Masons

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Addleshaw Goddard raids UK law firm rival in London

Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to licensing.

Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.

Microsoft Faces $1.27 Billion Antitrust Lawsuit Over Cloud Services in U.K.

Tesla’s board had argued that a shareholder vote earlier this year addressed the court’s previous criticisms.

Musk’s Multibillion-Dollar Pay Package Is Rejected Again by Judge 

The firm is seeing an exodus of investors after years of lackluster returns and executive turnover.

Hedge Fund Paloma Partners Offers IOUs to Fleeing Investors

The far-right leader said she was prepared to back a vote of no confidence in the government in the days to come.

Le Pen Squares Off With French Government, Markets in Budget Showdown

Le Pen Squares Off With French Government and Markets in Budget Showdown

Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.

Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker

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