UK - Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.

EUROPE - European schemes have started to put strategies in action that deal with volatility by either bringing in returns or mitigating risks, but find there's still a way to go in educating board members about these strategies.

A warning late yesterday from France's Edhec Risk Institute about the dangers of banning naked short selling of sovereign debt using credit default swaps was in vain, as the European Parliament voted to push through such a veto.

POLAND - Poland's government approved its plan to reduce transfers to private pension funds, a move that will trim the country's borrowing needs by about 190 billion zloty ($67bn) through 2020.

EUROPE - A warning late yesterday from France's Edhec Risk Institute about the dangers of banning naked short selling of sovereign debt using credit default swaps was in vain, as the European Parliament voted to push through such a veto.

US - US state pension funds saw their funding levels improve by four percentage points in 2010 to 69% while asset growth outpaced a growth in liabilities, according to a survey by Wilshire Associates.

NORWAY - Bengt Enge, the investment chief at Norges Bank Investment Management (NBIM), has stepped down.

POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.

GLOBAL - Sovereign wealth funds worth $4trn in assets have resumed their moves into alternative assets in the aftermath of the global financial crisis, new research by Preqin showed.

GERMANY - Germany's largest public pension fund, Bayerische Versorgungskammer, is to invest at least €1.2bn ($1.7bn) in individual hedge funds via Man Group's managed account platform.