Global

GLOBAL - Pension funds could improve equity market performance by co-operating on voting and engagement issues, a Watson Wyatt report has found.

GLOBAL - Russell Investment Group has nabbed Mercer Global Investments' US president Barry McInerney, who joins as director of client service.

GLOBAL - The International Accounting Standards Board (IASB) is set to review post-retirement benefits in an effort to improve pensions accounting.

GLOBAL - Three enhanced sub-funds of the State Street Global Advisors (SSgA) cash management fund will allow investors to maximise income while preserving capital and generating short-term liquidity through a short duration fixed income strategy, the...

GLOBAL - Balanced pooled funds posted a negative median return of -4.1% in the second quarter 2006, ending a run of positive returns that stretched back to Q1 2003, Mellon Analytical Solutions has found.

GLOBAL - SEI Investments Company registered a US$1.6bn growth in its assets under management in the second quarter of 2006 due to the consolidation of the LSV Asset Management operations.

GLOBAL - Mellon Asset Management saw its assets under management (AuM) rise a significant US$55bn or 21% for the year ending June 30 2006, driven largely by the creation of the WestLB Mellon joint venture.

GLOBAL - Merrill Lynch Investment Managers (MLIM) saw net revenues increase by 56% to $630m in the second quarter, when compared to the same period for 2005.

GLOBAL - Monarch Capital has become the 65th firm to join Deutsche Bank Global Markets' FXSelect Currency Managers platform, which Deutsche claims is receiving "huge" pension fund interest.

THE NETHERLANDS - High equity returns at the beginning of 2006 were eroded to a 0% return by a -5.2% performance in May, according to the WM Universe of Dutch pension funds.