Global

Standard & Poor's has revised the outlook on its 'A+' long-term and its 'A-1' short-term counterparty credit ratings on Commerzbank, parent of Jupiter Asset Management, to negative from stable.

The UK's National Association of Pension Funds (NAPF) has backed a report by a left-wing think tank which asserts that government pensions policy is unravelling.

Former investment banker and minority shareholder spokesman, David Webb, has launched the Hong Kong Association of Minority Shareholders (HAMS) to address the issue of corporate governance.

The overall size of the managed accounts industry, as tracked by Cerulli Associates, reached $727.8bn in assets by second quarter, 2001.

The King Committee on Corporate Governance of South Africa, steered by Mervyn King, has released an updated Code of Corporate Practice.

Quebec's giant Caisse de depot et placement has refuted a report claiming that chief executive Jean-Claude Scraire is to leave the Canadian pension fund manager.

US-based independent investment firm Mazama Capital Management has appointed Thomas Norby as an equity trader in the firm's small and small/mid cap team.

In the coming years, hedge fund holdings of European financial organisations will rise $182bn from their current $41bn, to some $220bn, an increase of over five times, according to Sector Analysis.

Aon Consulting's Bristol office has secured a full service appointment from the £4.5m Poole Harbour Commissioners' Pension Scheme (PHCPS), covering the harbour.

Clerical Medical has closed its doors to new pensions business. The company said the temporary suspension was due to unprecedented levels of new business since start of the year and the resulting backlog in servicing.