Europe

EUROPE - Crédit Agricole Structured Asset Management (Casam) and the Edhec Risk and Asset Management Research Centre have jointly created a new research chair in core-satellite and ETF investment.

EUROPE- BlackRock is tapping into investors' need to outsource as it looks to grow its Europe, Middle East and Africa business.

UK - The average UK pension fund achieved a weighted average return of -13.6% in 2008, research from BNY Mellon Asset Servicing reveals.

UK - The £1.4bn Kingfisher Staff Pension Scheme has terminated a 130/30 mandate three years after the initial investment was made, MandateWire reports.

EUROPE - BlackRock is poised to make acquisitions in France or Italy, or potentially of an SRI player, within the next 12 months, Global Pensions has learned.

UK - The South Yorkshire Pensions Authority was "negligent" over the investment of £10m of deposits in a failed Icelandic bank after it had been downgraded by credit ratings agencies, the Audit Commission says.

NORWAY - The Government Pension Fund-Global is re-evaluating its risk processes to include credit and liquidity risk after losses in the fund's fixed income portfolio.

UK - A £1.1bn government auction of 13-year 1.875% index-linked treasury gilts has been oversubscribed by 2.72 times.

EUROPE- Jim Dilworth has resigned as Morgan Stanley Investment Management's head of Europe, Middle East and Africa division.

UK - Legal & General has cut its final dividend by 50% to 2.05p per share, after it reported a operating loss of £189m.