Global

GLOBAL - Fund managers are producing increasingly bullish assessments of the global economy, an investor confidence survey shows.

GLOBAL - Global Investor Services, the global custody division of HSBC Bank, has unveiled its Continuous Linked Settlement (CLS) service to assist the settlement of underlying forex deals of custody assets.

GLOBAL - HSBC is to buy The Bank of Bermuda (BoB) for US$1.3bn in a bid by the former to get a foothold in the growing hedge fund administration sector.

Banks take 81% of funded market

GLOBAL - Multi-manager boutique SEI Investments has shown an increase in earnings of 5% on third quarter 2002.

GLOBAL - Custodian and fund administrator Northern Trust has unveiled what it claims to be the first cross-border pooling solution for pension assets.

GLOBAL - Schroders is urging investors to take a second look at the Korean market which it believes offers long-term growth potential.

GLOBAL - Credit Suisse Asset Management is expanding its equity fund range with the simultaneous launch of a Greater China equity fund and an Asian Tigers Equity Fund.

GLOBAL - Gartmore has launched its first healthcare hedge fund due to open to investors from November 3.

GLOBAL - JPMorgan Fleming Asset Management has launched the latest in its range of liquidity solutions.