Regions

GLOBAL - Unless policies for older workers change, GDP growth per capita in its members' areas could shrink to 1.7% per year over the next three decades, 30% below the average annual rates between 1970 and 2000, the Organisation for Economic Co-operation...

EUROPE - The £15bn Railpen is the first major pension fund to back Governance for Owner's (GO), the new partnership founded by former Hermes directors' Peter Butler and Steve Brown, by investing e200m in the GO European Focus Fund which will be placed...

GLOBAL - The S&P Hedge Fund Index (S&P HFI) gained 0.97% for the month of September, and is now up 2.42% for the year.

EUROPE - European pension funds currently hold around half of their optimal real estate allocation, according to new research.

EUROPE -State Street Global Advisors' (SSgA) has been appointed by Sanofi Aventis to manage a e800m currency overlay mandate for Sanofi Aventis' Pension Trust, Aventis.

EUROPE - Rainer Lenzin, previously of Lehman Brothers in Zurich, has been appointed vice president for sales in Austria and Switzerland, a newly created position at Mellon Global Investments.

EUROPE - In a bid for private equity fund of funds to establish a serious role in facilitating more capital into the asset class, F&C is focusing on the European mid-market.

EUROPE - IXIS Asset Management has announced the arrival of two new faces at its offices in France.

EUROPE - The European investment fund industry is likely to continue experiencing growth above 10 percent over the medium term, according to the European Fund and Asset Management Association (EFAMA).

MIDDLE EAST- Deutsche Asset Management has appointed Daniel Smaller as head of its Middle East, Northern Africa and Pakistan operations, based in Dubai, as part of its plan to tap into investment management opportunities in the region.