Global

GLOBAL - State Street Corporation saw total revenue rise 8% in the second quarter of 2006 to US$1.7bn, up from $1.5bn in the previous quarter.

GLOBAL - Northern Trust has honed its focus on customised liability management solutions with the appointment of Duane Rocheleau as head of the newly established global investment solutions team.

GLOBAL - Moves by large pension funds into the reinsurance area could prompt other funds to follow suit, despite only a small handful having already begun scoping out the area as a possible new business venture, according to industry experts.

GLOBAL - Emerging market managers are turning their attention to frontier markets as capacity constraints lead some managers to close funds to new investors.

GLOBAL - Henderson Global Investors is seeking to launch a new global equitised long/short product, an extension of its enhanced index and hedge fund range, that will target Australian superannuation funds.

GLOBAL - Investors' allocation to emerging markets should be underweight due to the possibility of a crisis generated by China's credit boom, it has been claimed.

GLOBAL - Commission recapture is "in terminal decline", according to exiting players, who believe it is no longer a profitable service to offer pension funds.

GLOBAL - Funds under management at Man Group have increased from $49.9bn at end March to $54bn at 30 June 2006.

GLOBAL - Although commodities markets are currently in contango, investment in this asset class has been pitched as an excellent diversifier and protection from inflation and other unexpected occurrences.

GLOBAL - Pension funds should remain unaffected by the high debt levels in buy-out deals, despite the alarm being raised in the press over the financing of private equity deals.