Global

GLOBAL - The eighth ICMB/CERP Geneva Report on the world economy called for the development of hybrid pension schemes that would allow members to shift from DC to DB as they grew older.

UK/US - Pension schemes in the UK, many with high exposure to gambling stocks, were among those burnt by the legislation passed recently by US Congress banning internet gambling.

GLOBAL - Only 23% of pension schemes are satisfied with funds of hedge funds (FOHF) investments, a global survey by Mercer Investment Consulting has found.

GLOBAL - US-based Milliman Global has added Dutch employee benefits consultancy HV&P to its roster.

GLOBAL - BlackRock has made five additions to its board of directors, having last week completing its merger with Merrill Lynch Investment Managers (MLIM).

GLOBAL - DB pension buy-outs are an extreme solution, and companies should address each of their risks individually as some could be beneficial to keep, said Anthony Ashton, an investment consultant with Hewitt.

GLOBAL - Gartmore today announced the completion of its MBO from Nationwide Mutual Insurance Company, backed by private equity firm Hellman & Friedman (H&F).

GLOBAL - The massive losses incurred by Amaranth Advisors has not triggered a hedge fund sell off from large pension funds.

GLOBAL - Baring Asset Management has appointed Scottish Widows Investment Partnership's Tim Scholefield to the newly-created position of global equities head as it seeks to better target US pension funds.

GLOBAL - Mercer Investment Consulting is set to expand its research of alternative investments on the back of increased demand from institutional clients.