Global

GLOBAL - BNY Mellon Asset Management has launched two investment boutiques - one focused on the management of domestic Australian equities, the other on emerging markets equities and global fixed income.

GLOBAL - No economic model or financial forecast will accurately predict what happens in the next six to 12 months - except by pure chance, European Public Real Estate Association (EPRA) economic commentator Anatole Kalesky has claimed.

Including: UK - Hammersmith tenders for new consultant; SWITZERLAND - Cantons reject full coverage for public funds; US - Funds sue UBS over fraud claims

GLOBAL - The 163-page list of the clients of Bernard L Madoff Investment Securities has been made public.

ROMANIA - Proposals to freeze mandatory second pillar contributions have met with fierce opposition and condemnation from European pension bodies.

GLOBAL - The fallout from the scandal surrounding Bernard L Madoff Investment Securities could affect three million people worldwide, estimates by Spanish law firm Cremades & Calvo Sotelo reveal.

GLOBAL - BlackRock has launched a pooled alternatives fund for pension schemes, charities and other institutional investors.

GLOBAL - Natixis Global Associates has launched two hedged equity funds - the Gateway US Equities Fund and the Gateway Euro Equities Fund.

GLOBAL - Aberdeen Asset Management has hired Paul Griffiths as global head of fixed income.

GLOBAL - SEI has said it received commitments for £4.8bn in new global institutional assets from 35 new clients in 2008.