Global

THE NETHERLANDS - PGGM, the E51bn pension fund for Dutch healthcare and social workers, is committing US$200m to a new active inflation-linked bond brief.

GLOBAL - Corporate credit rating downgrades have fallen substantially in emerging markets in the last three months, says Standard & Poor's.

GLOBAL - Despite the International Accounting Standards Board's (IASB) decision to review provisions of the international standard IAS19, no advance has been made as to whether it will incorporate FRS17 in its base.

GLOBAL - Daniel McCaw has become CEO and president of Mercer Human Resource Consulting.

GLOBAL - Cash and short-term funds have exceeded actively managed equity funds by fund size for the first time across the 30 largest cross-border fund managers, according to new research from Fitzrovia International.

GLOBAL - Hymans Robertson believes the international accounting rules for pensions, which are currently under review, will end up looking "very similar" to FRS17.

GLOBAL - The Islamic fund market place it set for a boost, outpacing overall global fund industry growth, according to new research from Cerulli Associates.

GLOBAL - Mellon HBV Alternative Strategies, part of the Mellon Financial Corporation, has added a global arbitrage investment discipline to its funds management capabilities.

GLOBAL - Stock markets will remain volatile until after the first anniversary of the terrorist attacks on the US, SG Asset Management predicts.

GLOBAL - Emerging markets could be exposing investors to greater risks than initially anticipated, according to a research paper from investment consultant Watson Wyatt.