Global

GLOBAL - Emerging markets topped the list of hedge fund performance in the latest figures from the CSFB/Tremont Hedge Fund Index.

GLOBAL - UBS today announced several new senior management changes, but said the moves were directed by "a number of differences of opinion", and not financial or operational concerns.

GLOBAL - The global slowdown is set to continue into next year, but the recovery should be well in place by the second half of 2002, according to Britannic Asset Management's (BAM) market outlook for next year.

GLOBAL - Anti-poverty group War on Want is urging pension funds to be more aware of their investment in multinational corporations, whose labour practices undermine attempts to eradicate poverty.

GLOBAL - Corporate bond defaults have soared to record levels, with 196 issuers defaulting on approximately US$107bn of debt through December 7, 2001, according to Standard & Poor's, the global rating agency.

THE NETHERLANDS - The EUR13bn Pensioenfonds Metaalindustrie (PMI) has finalised its allocations following a move from a balanced to specialist approach.

GLOBAL - JPMorgan Investor Services announced yesterday the launch of Follow the Sun, a universal, client technology service support system that provides custody clients with technical and functional support in every time zone, 24 hours a day.

GLOBAL - Old Mutual Asset Managers (OMAM) has reached the final stage of its restructuring following the decision to merge the unit trust business of Gerrard into OMAM.

GLOBAL - Lower investment returns may force pension schemes into adjusting their expectations, contributing more to their plans or look for alternative means of investing, according to Deutsche Asset Management (DeAM).

GLOBAL - Investors know that there is a strong incentive for company directors to kitchen sink and lump all the bad and doubtful corporate news into the current quarter, according to Barclays Global Investors' (BGI) monthly market commentary for December....