Regions

UK- The Bank of New York has been appointed by the £17bn Electricity Supply Pension Scheme (ESPS) to provide commission recapture services though BNY Brokerage. 

GLOBAL - Global real estate investment management firm CB Richard Ellis Investors has launched CBRE Global Real Estate Securities - an investment programme offering global securities investment and management services.

GLOBAL - Pension funds seeking to match future liabilities and concerns about rises in inflation will lead to substantial growth in the market for inflation-linked bonds across the globe in 2005, says F&C Asset Management.

GLOBAL - Hedge fund assets are likely to grow globally by as much as 30% per year over the next two years, according to ABN AMRO Asset Management.

MIDDLE EAST - London-based RMB MultiManagers is marketing its alternative strategies funds to institutional clients in the Middle East through the appointment of Highbury Finance Limited.

GLOBAL - Deutsche Bank has hired Hawkpoint, an investment bank, to handle the sale of the UK division of Deutsche Asset Management (DeAM), a source close to the bank said.

EUROPE - Eastern Europe presents positive growth opportunities for investors, according to Baring Emerging Europe (BEE).

GLOBAL - Trading by asset managers on foreign exchange platform FXall grew by 146% to US$1.036trn in 2004.

EUROPE - Kevin Carter is to succeed Nick Watts as head of European investment consulting at Watson Wyatt with effect from July 1.

EUROPE - Kevin Carter is to succeed Nick Watts as head of European investment consulting at Watson Wyatt with effect from July 1.