Global

GLOBAL - State Street global Advisors (SSgA) says that although Treasury Inflation Protected Securities (TIPS) are perceived as boring "if something seems deadly uninteresting, you often want to buy it. If everyone is talking about a type of investment,...

GLOBAL - Consultant William M Mercer is being rebranded as Mercer Human Resource Consulting, a move it claims better reflects its range of services.

GLOBAL - Deutsche Bank has completed the $2.5bn acquisition of Zurich Scudder Investments (ZSI), the asset management division of Zurich Financial Services (ZFS).

GLOBAL - Global ageing will hit nations including Germany, Japan and Italy so hard that they will be left with approximately one pensioner per worker by 2040, according to PriceWaterhouseCoopers (PwC).

GLOBAL - Barclays Global Investors is warning that the US-led global recovery could cause long term damage to the well-being of the Japanese economy.

GLOBAL - The UK's Financial Services Authority (FSA) may investigate Aon Consulting's manager-of-manager offering as a direct result of pressure from IPN's sister publication Global Pensions.

RUSSIA - The Organisation for Economic Co-operation and Development (OECD) is targeting the issue of corporate governance in Russia and its former states.

GLOBAL - Notwithstanding market concerns about pricing power, the US corporate sector should deliver a robust increase in profits in 2002, according to Keith Wade, Schroders' chief economist.

GLOBAL - Consultants Cerulli Associates has predicted that the fund management market will begin to fragment from 2003 onwards, reversing what the firm called a "frenzy of M&A activity".

EUROPE - Zurich, the troubled financial services group, is pulling out of four East European markets and is selling the businesses to Generali Group.