Regions

GERMANY - Corporate schemes are set to be play an increasingly important role in the future of European pension reform, according to Allianz board member Joachim Faber.

GLOBAL - Credit Suisse First Boston yesterday announced the launch of its first Hedgefund Index Participations HIP fund, which has been designed for investment by pension funds and other institutions who wish to diversify their portfolios across alternative...

EUROPE - ABN Amro and UBS did nothing to buck the recent trend in slumping full year profits.

GLOBAL - Barclays Global Investors (BGI), the world's largest institutional asset manager, increased operating profit 20% to £71m in a year of significantly lower stock market levels , it said. But assets under management declined by 4%.

GLOBAL - Schroders' chief executive Michael Dobson has axed nearly 70 jobs at the fund manager, in his first shake up of the firm since his arrival in October.

EUROPE/UK - New York-based currency manager FX Concepts has launched two new funds designed to provide European investment managers with a vehicle through which to hedge currency risk on US dollar and Japanese yen denominated investments.

EUROPE - A gradual 100% shift to a funded European pension system is essential, according to economists in the Directorate-General for Economic and Financial Affairs (ECFIN) of the European Commission.

GLOBAL - Aon's chairman and chief executive officer Patrick Ryan has labelled 2001 as a "year of progress", with the firm's pre-tax consulting income up 22% to $133m.

NORDIC - Gartmore is looking to expand its reach in Sweden with a new appointment, based in Stockholm.

UK/EUROPE - US giant Mellon Financial Corporation has launched a new fund dedicated to ethical investment aimed at both institutional and retail markets.