Global

GLOBAL - Pension funds across the globe poured more than US$62bn into alternatives in 2004 with property being the most popular asset class, according to new research from Watson Wyatt.

GLOBAL - Dan DeCanniere, chief financial officer at Hewitt Associates, has resigned.

GLOBAL - Despite announcing a 27% slip in overall group profits, Goldman Sachs Asset Management registered an 18% rise in assets under management over the second quarter of trading for 2005.

GLOBAL - AXA Investment Managers (AXA IM) has restructured its credit research capabilities into four global industry sectors on the back of strong growth in its fixed income business.

GLOBAL - Phillip Purcell, chairman and CEO of Morgan Stanley, has agreed to resign from his post.

GLOBAL - Dexia and Royal Bank of Canada (RBC) have announced plans to merge their custody arms to create a new business RBC Dexia Investor Services, headquartered in London.

GLOBAL - Deutsche Bank and ABN AMRO have entered into agreements with Mercer Investment Consulting to buy currency manager research.

GLOBAL - Wilshire Associates today launched iQuantum an integrated performance measurement, performance attribution and risk management solution for multi-currency, multi-asset class portfolios.

GLOBAL - CDK Group, a New York-based investment management firm specialising in alternative investments, has announced plans to open a London office to be headed up by Peter Mallinson, a former partner at Goldman Sachs.

GLOBAL - Watson Wyatt Worldwide has appointed Simon Gilliat (pictured) to head its international consulting teams across Europe, Asia-Pacific and the Americas.