Global

GLOBAL - Investors in hedge funds selling their stakes on secondary markets have turned a profit on their holding for the first time in 18 months, demonstrating growing investor interest in the asset class.

GLOBAL - The world's richest economies must urgently work out how to put a lid on spiraling retirement costs to address the "acute" challenge of tackling high public debt, according to the International Monetary Fund (IMF).

GLOBAL - Pension funds are missing out on the benefits of using exchange traded funds within their securities lending programmes, industry experts said.

UK/GLOBAL - The Universities Superannuation Scheme (USS) decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund's request to investigate Canon's tender offer to buy Océ.

UNITED ARAB EMIRATES - The Abu Dhabi Investment Authority (ADIA) said it returned 6.5% per annum for the past 20 years, providing its first peek into its investment operations since inception in 1976.

GLOBAL - Fewer than one in 10 institutional investors has invested in Ucits-compliant hedge funds, but 35% could within 12 months, in what could prove a major boost for the US$35bn regulated long/short sector, research by Preqin revealed.

GLOBAL/EUROPE - The Institutional Limited Partners Association (ILPA) has criticised the Alternative Investment Fund Managers (AIFM) directive for reducing European Union institutional investors' access to private equity investments.

GLOBAL - The perfect storm battering hedge funds, of looming regulation worldwide and political vilification in Europe, has not deterred aspiring managers from launching products, as start-ups outnumbered liquidations in the fourth quarter of last year....

GLOBAL - Total assets under management by sovereign wealth funds (SWFs) grew to US$3.5trn over the past year in the wake of a recovery in global equities markets, a report by Preqin revealed.

GLOBAL - A growing number of hedge funds are launching with lock-ups as investors return to illiquid hunting grounds they left during the crisis.