Global

GLOBAL - The lax regulatory environment was responsible for the failure of Fannie Mae and Freddie Mac, a senior figure for the regulator of the collapsed mortgage giants has claimed.

INCLUDING: UK/CANADA - Hermes signs contract with Algorithmics; UK - 75% choose job based on pension; UK - HSBC launches climate change programme; UK - Permal launches opportunities fund; UK - PPF 7800 index posts £43.6bn drop in September

Including: GLOBAL - AIMA unveils Hedge Fund Matrix; UK - Royal London appoints new group financial controller; UK - Regulator appoints executive director for strategic development

GLOBAL - The director-general of the Banca d'Italia Fabrizio Saccomanni has called for the International Monetary Fund (IMF) to become a global monetary and financial watchdog.

INCLUDING: GLOBAL - IASC support for IASB's credit crisis response; UK - Jeannie Drake named acting chairman of PADA; US - CalPERS officially launches search for CEO

INCLUDING: US - Liability Solutions and MIT merge; UK - New advisory business launches; NETHERLANDS - New director of Mn Services UK appointed; UK - PPF rescues another four pension schemes; UK - North Yorkshire PF awards mandate to Fidelity

GLOBAL - The messy collapse of Lehman Brothers has led pension funds to look again at the use of derivatives in their portfolio, the results of the latest Global Pensions 100 Panel have shown.

Including: GLOBAL - Private equity inflows lowest since 2005; US - GAO says SWF data 'limited'; UK - Hermes appoints new head of performance analysis & risk reporting; UK - Somerset CC hires Standard Life for fixed interest

GLOBAL - Pension funds upping exposure to emerging markets are not then reducing the emerging markets exposure inherent in their global equities mandates, this month's Global Pensions 100 Panel has found.

UK/SOUTH AFRICA - JSE, the South African stock exchange and the FTSE Group have announced the launch of the All Africa 40 Index and the All Africa ex-South Africa 30 Index.