Global

GLOBAL - UK-based fund managers still earn 22% more than their counterparts in the US, Canada, Switzerland, Hong Kong, Singapore and Japan.

EUROPE - Baring Asset Management's Emerging Europe Fund has sold its entire portfolio position in Turkey following the war in Iraq.

GLOBAL - The MSCI Hedge Fund Composite Index grew by 2% during April this year, early reports suggest.

UK - Alasdair Buchanan has been appointed group head of communications at Royal London Group.

GLOBAL - Europe continued to outstrip the US as the biggest exchange traded fund market by assets under management and is ready for further growth.

GLOBAL - Investors continued to lose favour with Europe equity funds following a third consecutive week of outflows.

GLOBAL - Dedicated short bias strategies continued their poor run in April, plunging -7.59% month-on month, according to the CSFB/Tremont Hedge Fund Index.

GLOBAL - The expansion of the multi-manager market has continued apace in recent months.

GLOBAL - More investors currently see the euro as overvalued than undervalued, according to Merrill Lynch.

GLOBAL - Pension funds remain reluctant to commit to hedge funds despite overall investment in the asset class soaring, a new study shows.