Europe

CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has closed on its previously announced acquisition of V.Group for $520m.

EUROPE/US - Hermes BPK Partners, the hedge fund investment arm of institutional manager Hermes, is to support and seed hedge fund businesses as the climate for start-ups in the $2trn industry re-emerges.

UK - Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m ($61.1m) buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.

EUROPE: Mortality assumption calculations need a radical overhaul to give schemes and capital markets a better understanding of the factors that affect them, a report argues.

UK - Aegon's asset management capabilities in the UK has officially been re-branded as Kames Capital today.

UK/AUSTRALIA - Logica has linked up with Australian superannuation exchange SuperChoice to offer UK pension providers a streamlined product to process contributions under auto-enrolment.

UK - Higher annuity rates and volatile market conditions have dented retirement prospects for UK workers over the last few months, suggests research from Aon Hewitt.

UK - Trustees of the ITB closed pension fund have entered into a £152.7m ($248.7m) buy-in agreement with Pension Insurance Corporation covering 1,662 members.

EUROPE - Pension schemes are looking to increase allocations to private equity but demand greater transparency, reporting and risk management from providers, a report suggests.