Global

AXA Investment Managers has expanded its global consultant relations team with the appointment of Nigel Loweth (pictured), previously head of UK institutional sales.

THE NETHERLANDS - Stichting Pensioenfonds voor de Woningcorporaties (SPW), the ASW pension fund, has appointed Mn Services to manage an international real estate investment mandate worth e50m.

GLOBAL - The performance measurer Russell Mellon CAPS will be known as Russell/Mellon from April 26.

GLOBAL - UBS Global Asset Management today announced several new senior management changes.

GLOBAL - ISIS Asset Management has cut back its overweight exposure to global equities within its multi-asset portfolios.

GLOBAL - The shareholder voting stand-off that resulted in Walt Disney Company CEO Michael Eisner resigning as chairman of the company's board may be just the opening shot in a new campaign for active proxy voting.

ISRAEL - The Israeli ministry of finance (MoF) has set to work in the privatisation of three new pension funds, removed from the Histadrut labour federation's control in 2003.

GLOBAL - Managed futures funds outperformed all other hedge fund strategies in February, up 6.89% according to latest data from the CSFB/Tremont Hedge Fund Index.

GLOBAL - Watson Wyatt has spun off its Boston-based insurance and financial services strategic consulting group with a management buy-out led by two senior managers.

The Actuarial Profession insists it has no skeletons to hide from Sir Derek Morris.