Global

EUROPE - Joaquín Almunia, European commissioner for Economic and Monetary Affairs, has claimed the poor design of public pensions systems will "foster unrealistic expectations" if not revised.

GLOBAL - Russell Investment Group has launched an active currency multi manager, and said investors had missed out on past currency opportunities.

GLOBAL - The Financial Accounting Standards Board (FASB) has issued a proposal that would require companies to report the funded status of their pension plan on their balance sheets.

SLOVENIA - The International Monetary Fund has called for pension reform in Slovenia, with a new notional account system and increased retirement age mooted as possible solutions.

GLOBAL - The majority of institutions responding to State Street's latest hedge fund study said they planned to add new hedge fund and private equity managers to their current manager line-up in the coming year.

DUBAI - ABN AMRO Asset Management could be operational in Dubai within six months according to David Waite, recently appointed head of asset management for the Middle East and Africa.

BELGIUM - Belgian pension funds delivered median returns of 16.8% in 2005, a strong result due in ...

GLOBAL - Goldman Sachs Asset Management (GSAM) has appointed Francesca Fornasari and Steve Ellis to boost its global currency team in London both as executive directors and portfolio managers.

GLOBAL - UK pension funds are leaving billions of dollars sitting on the table by not claiming their share of the recompense won on behalf of shareholders in US securities class actions, it has been suggested.

GLOBAL - The Henderson Group has pulled out of the race to buy the UK arm of fund manager Gartmore, announcing it had decided not to pursue a "potential strategic acquisition".