Europe

UK - New York-based currency manager FX Concepts has been mandated by the £900m Kodak Pension Plan to run £380m in currency overlay from December 1, 2001.

UK - Mark Thompson has joined Friends, Ivory & Sime as a fund manager within its global equities team.

FRANCE - Société Générale (SocGen) saw its net income fall 20% to EUR2.15bn in 2001, despite strong growth from its asset management division.

UK - Corporate governance experts believe new legislation may be needed to restore shareholder confidence in the wake of the Enron collapse.

UK - Local authorities are to have different criteria for funding liabilities under FRS17 than private companies.

UK - Two shareholder meetings are of significance in the next two weeks, according to corporate governance specialists Institutional Shareholder Services (ISS).

UK - The £620m Corus Engineering Steels Pension Scheme is looking to increase its exposure to fixed income, Keith Young, group pensions manager, said.

UK - Credit ratings agency Standard & Poor's is disputing many analysts' views that FRS17 poses a danger to quoted company values.

UK - Equitable Life has clamped down on pension schemes which are taking advantage of preferential exit terms.

UK - Cash was the second best performing asset in 2001 with a return of 5.2%, according to research by ABN Amro and the London Business School.