Global

INCLUDING: GLOBAL - Hedge fund code fails to gather support; US - Retirees 'afraid' to spend retirement investments; UK - Airport chaos threatened

GLOBAL - The "explosion" in cross-border capital flows witnessed as institutional investors move away from their traditional home bias has caused currency valuations to be severely "stretched", according to one expert.

SWEDEN - Alpha and beta separation is continuing to be a growing trend among pension funds, with the latest announcement that Sweden's SEK225bn (US$37.5bn) AP3 fund has restructured its asset management operations.

Including: UK - Hewitt selected by House of Fraser; CHINA - Invesco pledges to help quake victims; IRELAND - Mercer managed fund index falls; DENMARK - Pension reforms suggested

Including: US - NYC faces $500m extra pension costs; SWEDEN - SEB pension insurers fined $5m; CANADA - BCE deal goes to appeal; AFRICA - Uganda backs reform

GLOBAL - Reducing volatility in investment portfolios has been named as a top priority by UK pension plan sponsors, in a survey by SEI.

GLOBAL - AEGON has revealed plans to merge its asset management businesses in the US, UK, and the Netherlands by January 2009.

Including: US - CalPERS' Baggesen talks investments; SWEDEN - AP7 divests from arms; AUSTRALIA - First Home Saver Account costs "insurmountable" for super funds

Turbulent times and strict funding regulations have brought ALM to the fore again, reports Elizabeth Pfeuti

INCLUDING: UK - ACA chairman announced; UK - Former Watson Wyatt staffer joins Mercer; AUSTRALIA - Kouryialas joins Martin Currie; UK - Hymans Robertson promotes Birmingham head