Regions

EUROPE - Schroders predicts European stocks are set to rise with markets boosted by interest rate cuts.

EUROPE - Following its acquisition of Royal & SunAlliance, Friends Ivory & Sime has announced the appointment of the institutional team which will report directly to Robert Matthews, recently appointed director, head of institutional business.

EUROPE - Almeida Capital has appointed Kevin How associate director to develop its placement and advisory services.

GLOBAL (ex-US) - AMVESCAP-owned Invesco has launched its first hedge fund outside of the US owing to demand, said the firm.

GLOBAL - There is a fundamental flaw in the US pension accounting system identified by Bob Bunicich, an actuary and principal of William M. Mercer in the Netherlands, which can inflate company figures.

GLOBAL - Franklin Templeton Investments believes schemes should invest in emerging markets such as China and India while they are still cheap.

EUROPE - WestAM, the E38bn global institutional asset management firm, has hired Fabienne Girard-Tokay as head of European convertibles, based in Paris.

EUROPE - Companies with heavily under-funded pension schemes could face increased pressure on their credit ratings as investors become more wary due to badly performing stock markets.

EUROPE - The CSFB/Tremont Hedge Fund Index is up 0.85% for August 2002, according to Oliver Schupp, president of Credit Suisse First Boston Tremont Index.

EUROPE - Abacus, one of the Isle of Man's trust and corporate service providers, is now registered with the Insurance and Pensions Authority to act as a schemes administrator for international trust-based pensions.