Global

GLOBAL - Stephen Kingsley, head of consultancy Andersen's Europe, Middle East and Africa financial services practice, has been promoted to global head of the financial services industry practice.

GLOBAL - State Street's e-finance network Global Link has added Standard Life Investment's Money Market Fund to Fund Connect - its fund research and trade execution system.

GLOBAL - Ratings agency Standard & Poor's (S&P) is to make changes to its S&P 500 and S&P MidCap 400 indices.

GLOBAL - ING Group, the Dutch international financial services company, bucked the recent trend of downturns in IH profits by posting a positive 16% result.

GLOBAL - The American Masters Market Neutral Fund (AMMNF) - the latest fund in Tremont's American Masters fund series - has accumulated US$60m under management since its launch.

GLOBAL - ING Furman Selz Asset Management (IFSAM) - a unit of Dutch institutional investment house ING Aeltus Group - has launched two new offshore hedge funds for institutional and private clients in Europe, Latin America and Asia.

GLOBAL - The Private Equity Group of WestAM, - the global institutional investment arm of Germany's Westdeutsche Landesbank (WestLB) - has raised over $180m in the first closing round of its COREplus Private Equity Partners fund (CORE).

GLOBAL - Aon International Risk Management Group has appointed Barclays Global Investors as the asset manager for a new cash fund.

GLOBAL - A Merrill Lynch survey says fund managers are optimistic about the global economy, but want to see European monetary policy eased.

GLOBAL - High yield returns were mixed in July, according to Invesco's July European High Yield report by Adam Cordery, head of European high yield.