Europe

UK/US/EUROPE - Equity markets could face a decade-long recession if property markets fall, State Street Global Advisors warns.

FRANCE - Jean-François Boulier has been appointed deputy CIO and head of fixed income at Crédit Lyonnais Asset Management.

UK - The HarperCollins Publishers' pension schemes have appointed Frank Russell to manage their global equity mandates.

UK - Corporate social responsibility standards for the financial services sector have been developed by insurers and leading high street banks.

EUROPE - European Federation for Retirement Provision (EFRP) vice chairman Jaap Maassen has refuted media reports that the EFRP is dissatisfied with the proposal for the European pension funds directive.

UK - State Street Global Advisors has strengthened its enhanced equity capability with the appointment of Simon Roe as senior investment manager.

UK - Liability caps could be the difference between actuarial firms retaining or losing pension scheme clients, a manager warns.

UK - Shipping underwriter A. Bilborough has appointed Jagger & Associates as an investment adviser to its £13m pension scheme.

NORWAY - Norway's giant E81bn Statens Petroleumsfond (Government Petroleum Fund) has issued a manager search for two new sector equity mandates worth a combined US$1.3bn.

UK - High yield stocks have retained their value better than low yield stocks over the last 16 years, research by Merrill Lynch Investment Managers shows.