Regions

GLOBAL - Managed futures funds outperformed all other hedge fund strategies in February, up 6.89% according to latest data from the CSFB/Tremont Hedge Fund Index.

GLOBAL - Watson Wyatt has spun off its Boston-based insurance and financial services strategic consulting group with a management buy-out led by two senior managers.

EUROPE - AXA Investment Managers is set to transfer its fund adminstration and investment operations in the UK, France and Germany worth e200bn to State Street Corporation.

EUROPE - PIMCO has promoted Joe McDevitt, head of PIMCO Europe, and Scott Mather, head of fixed income in Munich, to the post of managing director.

The Actuarial Profession insists it has no skeletons to hide from Sir Derek Morris.

EUROPE - ABN Amro Mellon has won a £1.22bn mandate to provide custody and accounting services for Kvaerner's UK pension arrangements.

Schemes with US equity inv-estments should brace themselves for two years of underperformance once the race for the White House is over, fund managers warn.

EUROPE - Yvonne Franklin has been appointed as The Bank of New York client executive for consultant relations in Europe.

EUROPE - Fopadiva, the complementary pension scheme for workers of the Valle D'Aosta region in Italy is tendering for a depot bank.

GLOBAL - Australia and Sweden have had the best performing equity and bond markets, according to a 104-year study of 16 countries published by ABN Amro.