Global

INCLUDING: US - CalSTRS CEO joins Ceres board; UK - Hermes appoints associate director; UK - SSgA expands active equity team; GLOBAL - Oxford Management awarded CarbonNeutral certification

GLOBAL - Several US exchange traded funds (ETFs) providers are considering listing their products in Europe, due to a more flexible regulatory environment, a ETFs expert has claimed.

Including: GLOBAL - State Street Confidence Index falls; FRANCE - Lehman Anti-Benchmark team becomes TOBAM; EUROPE - ETF market surged in October

GLOBAL - French employers currently have no incentive to voluntarily offer defined benefit (DB) schemes to their employees, the director general of the French association of asset managers has said.

Including: NORDICS - JPMorgan expands custody services; ASIA PACIFIC - Yorkville opens Hong Kong office; UK - Longevity ranked second biggest risk to schemes

GLOBAL - Most managers of global equities funds are cautious on the outlook for the markets and expect a deeper recession than in the early eighties, according to Standard & Poor's.

GLOBAL - Long-short funds, known as 130/30 funds, have grown in popularity over the past 12 months, despite wider market unease, a survey has shown.

Including: NORWAY - Oil fund loses 1.3%; US - Texas TRS loses $25bn; SWEDEN - AP4 invests in infrastructure

GLOBAL - Global Wealth Allocation (GWA) is to restructure, moving part of its business to New York and setting up a presence in Australia for the first time.

Including: US - Russell Reed opens clean-tech investment manager; US - New Hampshire names interim director; UK - Xafinity wins Thales contract