Global

GLOBAL - Global ratings agency Standard & Poor's has made its credit ratings publicly available on its website, www.standardandpoors.com.

GLOBAL - Investors cut allocations to hedge funds by 14% to US$1.2bn (£764m/e1.1bn) between April and June, new figures show.

ISRAEL - The Israeli Finance Ministry to publish tender for new pension funds by April 2004, according to Globes Online.

EMERGING MARKETS - Ashmore Investment Management's flagship fund, the Emerging Markets Liquid Investment Portfolio, has posted a 21.2% return for the year to July 31.

GLOBAL - Northern Trust is to provide Ashmore Investment Management with global custody, fund administration and accounting services for its US$225m Cayman-domiciled Ashmore Emerging Markets Debt Fund

GLOBAL - State Street is on track to retaining 90% of Deutsche Bank's custody clients, following the acquisition of its global securities services business.

GLOBAL - Constellation Capital Management, an Australian investment boutique, has launched a new benchmark system designed to help pension funds overcome the sector quirks of a home country bias and diversify into international markets.

GLOBAL - First-half profits at Henderson Global Investors plummeted to A$62m (£25.6m) - a fall of nearly 40% on the same period last year.

GLOBAL - International Pensions News now contains 10,000 stories in its database since launching in April 2001.

NORTHERN EUROPE - Janus, the Denver-headquartered investment manager, has appointed Henrik Rox Hansen to lead its drive into the Northern European institutional market.