Global

GLOBAL - Pension funds are exposed to more risks now than at any point in the last 30 years, according to Watson Wyatt's latest Global Investment Review 2003.

GLOBAL - Fund managers are warning pension funds that 2003 will be another poor year, with the US and UK economies both set to struggle.

GLOBAL - Mellon Financial Corporation has announced several senior appointments.

US - Coller Capital has announced a final closing at US$2.5bn for Coller International Partners IV LP, the largest-ever private equity secondaries fund.

EUROPE - The German government should review the statutory retirement age increases and ensure that the phasing out of early retirement programmes does indeed raise the effective age of retirement, according to a new country report by the Organisation...

THE NETHERLANDS - The management of PGGM, the Dutch pension fund for the healthcare and social sector, has finalised the pension contributions for 2003.

GLOBAL - Newton anticipates that the subdued growth environment experienced for much of 2002 will continue into 2003.

GLOBAL - JPMorgan Investor Services has launched a new breach register within its compliance reporting services platform.

EU?UK - EU plans to introduce age discrimination legislation will cause a raft of problems for the pensions industry, lawyers warn.

GLOBAL - The CSFB/Tremont Hedge Fund Index recovered some ground in November.