Regions

GLOBAL - Worldwide funds-of-funds investment is at an all-time high, research from Cerulli Associates shows.

RUSSIA - Russia is unlikely to obtain investment grade status until after the presidential elections in March 2004.

EUROPE - Goldman Sachs Asset Management has expanded its European sales and marketing teams.

GLOBAL - Fixed income arbitrage worldwide attracted the greatest amount of investment against all other hedge fund strategies during the first quarter, largely buoyed by opportunities in Europe.

EUROPE/UK - Northern Trust Global Investments Europe (NTGIE) has appointed Stephen Watson as portfolio manager to its active international equities team in London.

EUROPE - Smaller private equity funds face being pushed out of the market as European institutional investors chase the relative security of bigger offerings, new evidence suggests.

GLOBAL - Hedge fund manager Man Group has seen funds under management soar from £7.5bn to £16.5bn in the past year.

EUROPE - Credit Suisse Asset Management has unveiled a new open-ended fund which combines both growth and value investments.

GLOBAL - Swiss asset manager Pictet remains bullish on emerging market debt despite recent evidence suggesting that investors are withdrawing from the asset class.

EUROPE - Angry trade unions across the UK, Germany and the Netherlands have appealed to the European Commission and local governments to formally crack down on excessive executive pay.