Investment

The Alternative Investment Fund Managers directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.

EUROPE - The investments, pensions and securities market is the least trusted by UK consumers, and considered as honest as the second-hand car industry by Europe.

GLOBAL - Private equity funds posted a return of just 0.65% in the three months to the end of June this year, State Street research reveals.

GLOBAL - Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.

Private equity funds posted a return of just 0.65% in the three months to the end of June this year, State Street research reveals.

Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.

CANADA - Canadian pension funds saw assets rise 7.3% over the third quarter, buoyed by rallying global markets, research by RBC Dexia Investor Services shows.

US - The US Department of Labor has sued four investment companies for losing hundreds of millions of dollars through investments with convicted fraudster Bernard Madoff.

State Street Global Advisors is to acquire Bank of Ireland Asset Management in a €57m (£50m) deal.

GLOBAL - Investment fund assets worldwide increased by 3% to €17.47trn ($24trn) at the end of the second quarter of 2010, research shows.