BANK of Ireland Asset Management (BIAM) has made three new appointments.

IRISH pension funds are experiencing mixed fortunes this year with most making up February’s losses in March, to deliver average growth of just 1.2% over the first three months of the year.

AIB Investment Managers has appointed Eugene Kiernan as head of multimanager investments.

AIB Investment Managers has reported a return of nearly 39% from its European Property Stocks Fund, which has been operating for less than one year. The fund invests in a geographically-diversified spread of property companies in the European property market.

AIB Investment Managers has announced that its European Property Stocks Fund has generated a return of almost 39% in less than one year of operation.

The ISEQ index of shares smashed the 7900 barrier today, gaining 71.62 points to close at 7950.83.

AIB Investment Managers has won the 'Best Balanced Pension Fund Award' for its Yield Focus Fund in the annual Moneymate Investment Awards.

AIB Investment managers have won the “Best Balanced Pension Fund” award for its yield focus fund in the annual Moneymate Investment Awards.

THE number of convictions for company law offences shot up by 50% last year, figures from the corporate enforcer reveal.

AIB’S investment management subsidiary created artificial trades to boost the performance of certain clients’ investment portfolios, according to yesterday’s IFSRA report.

TODAY’S report on AIB from the Irish Financial Services Regulatory Authority (IFSRA) will cast a spotlight on the mystery of Faldor, a British Virgin Islands-registered investment company whose activities benefited five former top executives at the bank.

AIB’S latest scandal may not cost the bank much in financial terms, but its reputation may be damaged for some time, a leading analyst said yesterday.

Scandal-riddled AIB was yesterday evening mopping up the fall-out from another hugely embarrassing revelation which, in terms of culpability, cannot be explained away as an “administration cock-up.”

AIB was engulfed in two fresh scandals last night after it admitted 10 current and former senior executives may have been involved in tax evasion.

The ISEQ finished up 7.61 points today to 5227.86.

Eircom is expected to join the Dublin and London stock markets today at a price of €1.55 per share after the board gave it a market capitalisation of €1.1bn last night.

Allied Irish Bank is to sell the management contracts of Govett, its British asset management business, to Gartmore Investment Management for approximately €20m.