Global

GLOBAL - IMMFA (Institutional Money Market Funds) has appointed Peter Knight as its new chairman.

ASIA/PACIFIC - Only one of the Asia-Pacific universes made it into the black in September with the Bank of Bermuda AsiaHedge long/short Japan Index scraping into positive territory by the skin of its teeth, up 0.02%.

GLOBAL - F&C Management is urging investors to keep a close eye on credit markets as a key driver of market activity in 2003.

GLOBAL - Currency overlay manager FX Concepts has expanded and deepened its commitment to Australia and New Zealand by setting up ties with Australia's Sovereign Investment Research headquartered in Melbourne.

GLOBAL - Zurich Financial Services has restructured its subsidiary Zurich Capital Markets, concentrating on its core strengths of asset management, customised structured products and client servicing to meet the needs of its clients invested in alternative...

GLOBAL - The telecommunications sector will offer strong investment returns following a period of consolidation and restructuring, predict fund managers.

GLOBAL - Japanese bond investors are shifting their sights to the US and Europe in order to enhance returns, according to research by consultants Greenwich Associates.

GLOBAL - The International Accounting Standards Board (IASB) is to accept the UK's controversial FRS17 accounting standard as the base of the international standard IAS19.

GLOBAL - State Street Global Advisors has launched a new US high yield bond index strategy.

GLOBAL - Sales of IMMFA (Institutional Money Market Funds) have climbed to US$125.6bn in the last three months.