Global

GLOBAL - Investment giant UBS has closed its transition management business in Europe as the credit crisis continues to bite, Global Pensions can reveal.

Including: US - Institutional investors move to outsourcing; EUROPE - Study shows extent of equity derivatives use; UK - West Yorkshire seeks actuary

GLOBAL - Two thirds of private equity investors (LPs) will have little or no capacity for new fund commitments by this time next year, Coller Capital's latest Global Private Equity Barometer has claimed.

GLOBAL - An alliance of investors, collectively managing US$1.5trn, have urged 100 of the world's biggest companies to join an initiative that will improve their policies and practices around the use of water.

INCLUDING: SWITZERLAND - Zurmont closes buyout fund; CANADA - Caisse's president extends leave of absence; US - Colorado PERA holds board elections; UK - NAPF Investment Conference 2009

Including: AUSTRALIA - Minister highlights lost accounts; UK/IRELAND - Hewitt hires UK and Ireland managing director; GLOBAL - T. Rowe Price appoints global equity specialist

GLOBAL - The Principles for Responsible Investment (PRI) is planning to launch a global and non-commercial database on investment research focused on environmental, social and governance (ESG) issues.

INCLUDING: US - CalPERS appoints new Benefit Services Division chief; CANADA - OTPP acquires stake in Maple Leaf; NETHERLANDS - ING closes purchase of Oyak Emeklilik

GLOBAL - Pooled fund of hedge funds (FoHFs) failed to achieve positive returns during the third quarter of this year, latest data from BNY Mellon Asset Servicing reveals.

GLOBAL - Credit Suisse has announced it will cut 5,300 jobs following an estimated preliminary net loss of CHF3bn (US$2.5bn) in the three months to the end of November.