Regions

GLOBAL - The Enhanced Analytics Initiative (EAI) expects to achieve its aims and disband "in the next two or three years", said chairperson David Blood.

UGANDA - The Ugandan government has commited to pay out at least USh100bn (US$56m) of the accumulated pension arrears every year, starting from 2007.

GLOBAL - SEI saw its institutional assets under management increase by over €4.5bn over 2006, after it brought in 65 new institutional clients.

UK - More than half of UK workers plan to retire before 65, despite the fact few would have acquired sufficient funds to do so, Aon Consulting has warned.

GLOBAL - Legg Mason saw its assets under management increase 6% during Q3 to reach a record $944.8bn as at end December 2006, of which $30.9bn was attributable to market appreciation.

GLOBAL - Buyout funds posted returns above 25% during the last year, as private equity managers in general boasted strong performances in a favourable market, Mercer Investment Consulting has found.

GLOBAL - Institutional pension fund assets in the 11 major markets more than doubled in the last ten years, and now constitute 81% of their GDP, Watson Wyatt has found.

UK - Oxfam and FairPensions have warned investing in pharmaceutical companies that try to block poor countries' access to affordable drugs might damage reputations and lead to falling returns.

GLOBAL - The Bank of New York's Asset Management and Private Banking division saw its assets under management increase US$26bn during 2006 to $131bn.

GLOBAL - Northern Trust Corporation announced record net income for 2006, boosted by a strong fourth quarter, and 13% growth in assets under management to US$697bn.