Global

GLOBAL - A tool to facilitate pension funds' Markets in Financial Instruments Directive (MiFID) compliance has been launched today by BidRoute.

GLOBAL - Credit Suisse Group had a record net income of CHF7.2bn (US$6.2bn) for the first nine months of 2007, however, its asset management division suffered a sharp decline of assets under management (AuM).

Including: JAPAN - Macquarie turns to Japan; AUSTRALIA - Regulator raps reports; UK - Watson Wyatt appointments; ISRAEL - Credit Suisse new CEO; UK - Hinde going for gold;

GLOBAL - Schroders has released its third quarter results and announced a loss of £2.9bn in institutional assets under management (AUM) despite reporting a pre-tax profit of 53%.

Including: UK - Changes to DC schemes; AUSTRALIA - ING strategic shake up; UK - Mercer launches LDI solution; UK - Regulator workshops; HOLLAND - Goodman appoints fund manager; UK - PIMCO strengthens remarketing team; BAHRAIN - Citi appointments; IRELAND...

GLOBAL - Diversification in the market has lead to convergence as traditional managers look to out perform alternatives according to a study by KPMG and CREATE-Research.

Including: UK - Postal agreement; ITALY - New manager for New Star; UK - Pictet announces new CMO

GLOBAL - Institutional investor confidence in the US was at an 18 month low, with confidence in Asia also down and the European outlook barely improved over last month, according to State Street Global Markets.

Including: UK - Morse appoints new consultants; US - Threadneedle goes 130/30; UK - Axiom's new MD and expansion; UK - Gartmore appointment; US - Russell launches DB plan review

GLOBAL - Rick Di Mascio, chief executive of Inalytics and chair of the T- Charter, has hit out at managers which signed up to the agreement only to immediately condemn it for not going far enough.