Global

INCLUDING: US - CalSTRS' worst performance in six years; JAMAICA - C&W sells off real estate; UK- Ombudsman 'effective and necessary'

GLOBAL - Emerging market funds worldwide could be facing a significant reversal, according to Standard & Poor's Fund Services' annual review of the sector.

GLOBAL - The worldwide economic slowdown has impacted fund managers, forcing a revision and polarisation of asset allocations, according to a survey by Merrill Lynch.

GLOBAL - Watson Wyatt (WW), Newton Investment Management and State Street Global Advisors (SSgA) have made senior appointments, while Barclays Global Investors (BGI) announced the opening of an office in the Middle East.

INCLUDING: US - Credit Suisse appoints hedge fund head; UK - Volatility changes retirement focus; IBERIA - Pioneer expands Iberian business; HONG KONG - Cathay Pacific raises retirement age

INCLUDING: US - ERISA case resolved; DENMARK - Laerernes Pension appoints portfolio manager; UK - Barings appointments

INCLUDING: GLOBAL - SWFs consider disclosure; US - Study reveals 60% of retirees could run out of money; MOZAMBIQUE - Minimum pension raised in Mozambique; AUSTRALIA - Super commissions revealed

INCLUDING: ASIA PACIFIC - HSBC senior appointment; UK - Watson Wyatt expands investment team; HONG KONG - FRM appoints Hong Kong CEO

GLOBAL - Many pension funds continue to shy away from mortgage-backed securities (MBS), despite claims there could be opportunities within the asset class.

Market performance in BRIC countries depends on one's vantage point, argues Russell Investments' Kelly Haughton