Regions

GLOBAL - Ten institutional investors, representing over e2.6trn and including the world's biggest pension fund CalPERS, have thrown their weight behind a UK-led effort for greater transparency in oil and mining sectors in developing countries.

GLOBAL - Investment bank Lehman Brothers has launched a series of credit default swap indices as part of its fixed income index products.

GLOBAL - Ten institutional investors, representing over e2.6trn and including the world's biggest pension fund CalPERS, have thrown their weight behind a UK-led effort for greater transparency in oil and mining sectors in developing countries.

UK/EUROPE - EU ministers have snubbed British moves to amend a directive that will allow agency workers to join pension schemes after six weeks' service.

Corporate governance legislation could be counter-productive and introduce unnecessary bureaucracy, pension funds warn.

GLOBAL - Pension fund shortfalls are forcing companies to cut back on capital spending and adopt new business strategies, research from SEI shows.

GLOBAL - Major equity indices outperformed the CSFB/Tremont Hedge Fund Index in May as stock markets picked up.

EUROPE - More needs to be done to stimulate the next European share price rally, according to fund manager Gartmore.

GLOBAL - Europe led the way in responses to the ICGN's (International Corporate Governance Network) latest consultation paper, although the chairman conceded that the overall amount of interest could have been better.

EUROPE - European banks accounted for 18% of Continental Europe's US$30bn subadvised mutual fund assets at the end of 2002, up from 10% in December 2000, according to Cerulli Associates.