Regions

GLOBAL - Hedge funds showed more signs of flagging this year as the the CSFB/Tremont Hedge Fund Index dipped for the second consecutive month.

UK/EUROPE - Specialist equity manager AXA Rosenberg Investment Management is to manage a continental European equities portfolio for Abbey National's multi-manager unit Inscape.

EUROPE - Morningstar, the fund ratings agency has spoken out against recent proposals from 11 leading fund managers who have called for a pan-European review of how ratings are categorised.

UK - Pensions Reform Group proposals that would force workers to join a state-run scheme could make people worse off, Aon Consulting warns.

GLOBAL - Institutional investors have lost faith in a major global recovery with more cost-cutting seen as the only means to bolster flagging accounts, according to the latest Merrill Lynch fund manager survey.

GLOBAL - The London-based World Gold Council (WGC) has hired new chief executive James Burton in a bid to heighten the appeal of gold investment.

GLOBAL - SecFinex, the online marketplace for securities finance, is adding bonds to its securities finance trading platform.

GLOBAL - Standard Life Investments said fears of a low profit recovery in the global economy are unfounded.

EUROPE - Although many funds investing in developed markets have experienced a torrid time recently, this has not been the case for those focused on emerging and eastern Europe, according to latest analysis published by Standard & Poor's.

GLOBAL - Lessons learnt by the financial services industry from 11 September are slow to sink in, according to a study by the Institute of Financial Services commissioned by IBM.