Global

GLOBAL - Alexander Ineichen, who has led UBS Investment Bank's research into hedge funds and alternative investments since 2000, is to move across to the firm's asset management arm in a senior research capacity.

GLOBAL - Company-run pension plans in the UK are four times more likely to fall short on meeting future liabilities than their US counterparts, according to new research by Aon Consulting.

GLOBAL - Kal Bassily has been named division head of BNY Global Transition Management, following Lisa Manuele's departure.

GLOBAL - Concerns are already surfacing as to the fate of Citigroup Asset Management's prized fixed income team on the back of the sale of the group to Legg Mason.

GLOBAL - Merrill Lynch Investment Managers has rolled its transition management business, TRIM, into a newly formed entity in a joint venture with Merrill Lynch Global Markets & Investment Banking (GMI), the group's broker-dealer.

GLOBAL - Barclays Global Investors (BGI) saw assets under management rise 10% to £781bn in the first half of the year, up from £709bn at the end of 2004.

GLOBAL - Co-operative Insurance Society (CIS) has appointed three specialist fund managers for its £1bn overseas Life and Pensions portfolio, following a review of its investment management functions.

GLOBAL - Fund of hedge funds have seen assets under management grow by a staggering 60% over the last 12 months, a new report by Riskdata claims.

RUSSIA - The Russian market is likely to improve in the short term as investor's "appetite for risk" is on the upswing, the Eastern European Trust (EET), managed by Pictet Asset Management, has predicted.

GLOBAL - United Airlines have said the actions of flight attendants who threatened to hold strikes over the termination of the carrier's pension plan will "not be tolerated".