Regions

EUROPE - European pension funds no longer manage risk, they manage uncertainty, Create Research chief executive Amin Rajan says.

EUROPE - Widespread implementation of pan-European pension schemes (PEPs) is up to ten years away, and current plans are unsuitable for the majority of companies to use, industry experts claim.

EUROPE - ING Investment Management is to buy Swiss multi-manager Altis Investment Management in a move boost its European fiduciary business.

EUROPE - The presence of private pension funds on financial markets plays an important stabilising role in the financial system as a whole, according to Gertrude Tumpel-Gugerell, member of the executive board of the European Central Bank (ECB).

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.

EUROPE - Kroll has completed a management buyout of its European corporate advisory and business recovery group and rebranded to Zolfo Cooper in Europe.

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.