Regions

GLOBAL - The MSCI Hedge Fund Composite Index grew by 2% during April this year, early reports suggest.

UK - Alasdair Buchanan has been appointed group head of communications at Royal London Group.

EUROPE/UK - Prolonged equity slumps have forced European institutional investors to pump increasing amounts of assets into private equity and hedge funds, with fund of funds proving the vehicle of choice.

GLOBAL - Europe continued to outstrip the US as the biggest exchange traded fund market by assets under management and is ready for further growth.

UK/EUROPE - Goldman Sachs Asset Management is launching an online cash management service aimed at institutional investors in the UK and Europe.

UK/EUROPE - Cross-border proxy voting systems inhibit pension fund investors from voting their shares and need urgent reform, a new report claims.

UK/EUROPE - A single European asset management market could boost the industry by at least e5bn a year, according to a new report commissioned by the UK's Investment Management Association (IMA).

GLOBAL - Investors continued to lose favour with Europe equity funds following a third consecutive week of outflows.

GLOBAL - Dedicated short bias strategies continued their poor run in April, plunging -7.59% month-on month, according to the CSFB/Tremont Hedge Fund Index.

GLOBAL - The expansion of the multi-manager market has continued apace in recent months.