Global

GLOBAL - The skill sets of fund managers have failed to keep pace with an increasingly sophisticated investment environment, a survey by KPMG has revealed.

GLOBAL - The credit crisis is likely to have a strong negative impact on the real economy for at least the next three years, according to delegates at Fund Forum International 2008.

GLOBAL - Watson Wyatt has created a global quantitative research and investment systems group and brought in industry expertise to bolster the team.

GLOBAL - Market conditions have made private equity and venture capital investments an attractive option, according to Bramdean Asset Management.

GLOBAL - A socially responsible investment (SRI) global equity allocation could produce 40 % lower CO2 emissions than a conventional portfolio indexed to the MSCI World, a study by Pictet Asset Management (PAM) has shown.

UK- Watson Wyatt has announced a retirement, while Lucida and State Street Global Advisors have announced several appointments.

GLOBAL - Pension scheme trustees now have access to a code of conduct designed to promote the highest ethical standards in running schemes, developed by the Chartered Financial Analyst Institute (CFA).

GLOBAL - Wilshire Associates and BNY Mellon Asset Servicing have extended their strategic partnership to include clients of the former Mellon Financial Corporation.

INCLUDING: US - New York State anti-fraud reforms passed; CHINA - State considering REIT market; US - Congress plans energy speculation rules; AFRICA - Fund charged for ignoring member wishes

GLOBAL - Hedge funds' double-digit returns dropped dramatically from 2006 to 2007, according to a study by Greenwich Associates.