CANADA - Nearly three quarters of Canadian investment managers said their clients do not direct them on how to vote their proxies, a new survey found.

CHILE - Chile's private pension funds, the country's biggest stock investors, probably will continue selling local equities after a region-beating rally took their holdings to maximum-allowed levels, Banco Santander SA wrote.

GLOBAL - Despite closure after closure of defined benefit pension funds around the world, some investment managers think hybrid versions of these schemes will continue to emerge.

US - The California State Teachers' Retirement System is allocating an additional US$100m to inner-city and rural markets through the Banc of America Merrill Lynch Capital Access Fund.

GLOBAL - The CFA Institute and the UK Investment Performance Committee (UKIPC) have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

The CFA Institute and the UK Investment Performance Committee have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

US - Alternatives manager Fortress Investment Group has expanded into the traditional bond arena with its purchase of fixed income shop Logan Circle Partners for US$21m in cash.

GLOBAL - Investment managers expect global equity returns to clock in at the 10% range in 2010, helping to fuel economic recovery this year, a survey by Towers Watson found.

PERU - Banks and pension funds' foreign currency purchases will be capped at 75% of assets under regulations issued by Peru's banking superintendent.

Investment managers expect global equity returns to clock in at the 10% range in 2010, helping to fuel economic recovery this year, a survey by Towers Watson finds.