Regions

EUROPE - Credit Agricole Asset Management (CAAM) and Calyon, Credit Agricole's corporate and investment banking division, have combined forces to create Credit Agricole Structured Asset Management (CASAM).

EUROPE - Six of the European Union member states have failed to implement the EU Pensions Directive by the 23 September deadline.

GLOBAL - Morgan Stanley Investment Management (MSIM) reported pre-tax income down 25% on the same quarter last year at US$162m.

GLOBAL - Pension assets in Japan more than doubled in 2004 while global pension assets soared to US$8.4trn, up 27% on the previous year.

GLOBAL - WestLB and Mellon Financial have agreed in principle to set up a jointly owned asset management business worth e40bn, of which e30bn is currently managed for German institutional clients.

GLOBAL - Events such as hurricane Katrina should serve to remind investors of the importance of commodities in the broader economy, according to experts.

GLOBAL - Joanna Munro (pictured), ex-head of UK institutional business at Axa Investment Managers has joined HSBC Investments as global CIO.

GLOBAL - Continental Europe has doubled its commitment to hedge funds amid a worldwide surge in alternative investment, according to new research.

GLOBAL - Mellon Financial Corporation has acquired full ownership of the joint venture, Russell/Mellon, assuming the name Mellon Analytical Solutions (MAS).

GLOBAL - Total assets managed by the world's largest fund managers grew to US$48.8trn in 2004, an increase of 13% from 2003, according to new research from Watson Wyatt.