Global

GLOBAL - Goldman Sachs Asset Management (GSAM) increased its assets under management by 6% during the third quarter of 2006 but saw net revenues decrease by 10%.

GLOBAL - A report by New Frontiers Advisors and the World Gold Council has concluded exposure to gold should be similar to that of an emerging market or small cap allocation in an efficient portfolio.

GLOBAL - Exclusive research carried out by Global Pensions has revealed a significant split in how pension funds across the globe view current accounting standards.

GLOBAL - Press reports that Eurex is set to list the first futures contract on credit default swaps (CDS) were welcomed by trustees and technology experts.

GLOBAL - Shareholder activism is not seen as a fiduciary responsibility by most pension funds, with more than a third believing it is only a side issue.

GLOBAL - In a move which illustrates the continuing trend for investment banks to encroach on what was traditionally consultant territory, JPMorgan has appointed Kevin Carter managing director and head of the investment bank's pension advisory group for...

GLOBAL - Rubicon Investment Consulting's monthly group pension managed funds update delivered both good and bad news for the pensions industry.

SWEDEN - The Second AP Fund has disposed of its interest in both Wal-Mart and Wal-Mart Mexico, citing "infringements of internationally accepted ethical norms."

GLOBAL - Over a third of European fund managers considered themselves underweight in US stocks and planned a shift to neutral status by the end of the year, according to a survey by Thomson Financial.

GLOBAL - The European Central Bank has stressed the need for global supervision and monitoring of institutional investors in the environment of changing demographics.