Global

EUROPE - Interest rate rises in the US will do nothing to quell the investment potential of eastern European emerging markets, fund managers say.

Proposals in the Finance Bill could undermine the government's pension tax simplification plans, the Society of Pension Consultants warns.

EUROPE - Retiring baby-boomers could cause financial instability through deflation, balance of payments deficits, with risks of currency crisis and exchange rate volatility accompanying banking crises, a new research paper warns.

GLOBAL - Investec Asset Management has entered into a deal to outsource its institutional administration worth $34bn in assets to State Street Corporation.

GLOBAL - The hedge fund industry is poised to grow to a massive $4.6trn by 2010, according to the international financial investment group Platinum Capital Management.

GLOBAL - Hedge funds gained record inflows of $38.2bn (e31.5bn) in net assets during the first quarter of the year, new research shows.

NETHERLANDS - Stichting Pensioenfonds TNO, the e1.3bn Dutch corporate pension fund, is expected to hire a new private equity manager shortly.

GLOBAL - An OECD study has warned that pension reforms are absolutely imperative to ensure the sustainability of pay-as-you-go schemes.

GLOBAL - Regulators in Europe and US are likely to intervene in the "overheated" hedge fund market as a result of growing concerns about the huge flow of pension fund assets into hedge funds, according to a new study.

GLOBAL - The investor confidence index, a key economic indicator for asset owners and investment managers, declined marginally in May as a result of institutional investors gradually cutting the risk in their portfolios, early in 2004.