Global

GLOBAL - Socially responsible investments harbour additional, more complex risks than their conventional counterparts, according to a new report.

GLOBAL - Human rights and environmental campaigners attended Morgan Stanley's AGM in London yesterday, led by Friends of the Earth, the International Rivers Network, Students for a Free Tibet and Free Tibet Campaign.

GLOBAL - Hedge funds posted their first drop in February since last year, according to the latest figures from the CSFB/Tremont Hedge Fund Index.

THE NETHERLANDS - The EUR91m Stichting Pensioenfonds Forbo retirement plan could be about to outsource approximately 10% of its assets to external management, according to Gerard Mooij, a member of the firm's finance department.

GLOBAL - Pension fund equity investment is set to experience "exceptional growth" over the next 10 years, with a substantial flow into non-domestic markets, according to a new report.

UK/EUROPE/US: Hedge fund of funds manager Arden Asset Management made further steps towards opening its London office, targeting European managers to its roster.

GLOBAL - Ronald O'Kelley, State Street's executive vice president and chief financial officer, is quitting the firm for "personal reasons" after seven years.

GLOBAL - The worst of recent market turbulence is now over, and "real investors should capitalise on the frailty of others" before the market hits back with an upward swing, according to a leading investment manager.

GLOBAL - Fund management houses are beginning to dip their toes into riskier markets as investor confidence begins to return.

UK/GLOBAL - Alan Rubenstein, chairman of the National Association of Pension Funds' investment council, has said that Susan Keating, Allied Investment Banks' CEO of its US subsidiary Allfirst, should go in the wake of the Rusnak fraud.