Regions

GLOBAL - The worst of recent market turbulence is now over, and "real investors should capitalise on the frailty of others" before the market hits back with an upward swing, according to a leading investment manager.

EUROPE - Fortis Investment Management (FIM) still has its sights set on expansion despite seeing net operating profits plummet 50% in 2001 to EUR45m, down from the EUR90m registered the previous year.

GLOBAL - Fund management houses are beginning to dip their toes into riskier markets as investor confidence begins to return.

EUROPE - A European pooled multi-manager product open to pension funds will be launched by Northern Trust Global Investments this autumn.

UK/GLOBAL - Alan Rubenstein, chairman of the National Association of Pension Funds' investment council, has said that Susan Keating, Allied Investment Banks' CEO of its US subsidiary Allfirst, should go in the wake of the Rusnak fraud.

GLOBAL - Credit Suisse Group saw operating profits take a 45% stoop in 2001, stressing that revenues looked likely to slide during 2002 and job losses set to rise.

EUROPE - BNP Paribas Asset Management has wheeled out an addition to its Luxembourg-based umbrella, Parvest.

GLOBAL - Liberty Ermitage the international fund group with $2.2bn under management, has been appointed as investment advisor to a new hedge fund of funds launched by Standard Bank.

GLOBAL - Credit Suisse Group has hit out at speculation over its role in the collapse of energy giant Enron, in a bid to skirt around potential legal action, some of it from US pension funds.

EUROPE - Dimensional Fund Advisors has appointed David Salisbury, the former chief executive of beleaguered fund manager Schroders, as its chief executive of its European operations.