Global

GLOBAL - Major equity indices outperformed the CSFB/Tremont Hedge Fund Index in May as stock markets picked up.

GLOBAL - Europe led the way in responses to the ICGN's (International Corporate Governance Network) latest consultation paper, although the chairman conceded that the overall amount of interest could have been better.

GLOBAL - A new report is urging pension schemes to place increasing emphasis on the financial security of fund managers worldwide.

Invesco moves to in-house DC admin

GLOBAL - One issue that emerged out of the ashes of the Enron collapse was that the level of own-company stock in America's 401(k) plans was dangerously high...

GLOBAL - Chris Cheetham has been appointed global CIO of HSBC Asset Management.

LONDON - Hewitt Bacon & Woodrow has won a pensions delivery benefits- and investment consulting mandate for the UK division of international branded goods company, Beiersdorf.

GLOBAL - Equities produced a return of nearly 9% during April, outperforming hedge funds and fixed income, figures from global indices provider MSCI show.

GLOBAL - Hewitt Associates and Northern Trust Corporation have executed a letter of intent for Hewitt to acquire all of the assets of Northern Trust Retirement Consulting (NTRC).

GLOBAL - Pimco has boosted its global credit team with two new hires.