Global

UK/GLOBAL - Pension funds are missing out on gold's diversification benefits because they approach investment with a closed mind, the World Gold Council claims.

GLOBAL - Pan-European asset manager F&C Management insists that global emerging markets will continue to outperform for the rest of year on the back of over-priced equities in developed regions.

THE NETHERLANDS - Jan van Bakel is the new director of investments of the EUR18bn Amsterdam-based SFB Vermogensbeheer group.

GLOBAL - Active international managers have weathered the difficult market conditions of 2001 with the amount of US pension assets being awarded to them at record levels.

UK/GLOBAL - AFA Systems, a global provider of software solutions for the banking and asset management industries, has launched Benefit, a web-enabled member administration system.

UK/GLOBAL - Mercer Investment Consulting's recommendations have beaten global indices by 1.1% throughout 2001, according to its latest internal performance audit figures.

Schemes offered online tool:

GLOBAL - US energy giant Unocal is bowing to shareholder pressure - including UK pension schemes - and freezing new investment in Mynamar (Burma).

Geffen launches Neptune:

Henderson to launch equity funds: