Global

Aegon's net income has accelerated 24% to EUR626m (£393m) for the second quarter of 2001, compared to EUR1,161m (£727,778) for the first quarter.

San Francisco-based investment advisor and hedge fund manager EGM Capital has made two new hires.

Canada Life has strengthened its multi-manager structure by linking up to three of Fidelity Investment's funds.

Rating agency Standard & Poor's has assigned its 'AMP-2' classification to ING Investment Management, Brazil.

The £2.8bn Scottishpower pension scheme - Scotland's largest private sector pension fund with more than 29,000 members - has appointed Aon Consulting in Glasgow as its scheme administrator.

Morgan Stanley has changed the name of its institutional securities entity in Japan, Morgan Stanley Dean Witter Japan Limited to Morgan Stanley Japan Limited.

The $1.3bn KDDI pension fund in Japan has appointed PIMCO to manage $60m worth of US corporate bonds.

The $6.2bn Los Angeles Water & Power Retirement Plan (WPERP) has confirmed Pension Consulting Alliance (PCA) will replace Capital Resources as investment consultants for the fund.

Financial services firm Jupiter International Group - a subsidiary of Germany's Commerzbank - has launched a new fund of hedge funds.

The $250bn National Pension Scheme in Korea is set to be completely outsourced with the appointment of investment managers for its KRW500m ($388.650) global active balance portfolio and its KRW150bn ($117m) Korean private equity portfolio at the end of...