Regions

EUROPE - Zurich Financial Services has launched a new market instrument aimed at institutional investors.

GLOBAL - io Investors, an asset manager specialising in the manager-of-managers model, yesterday unveiled its low volatility hedge fund-of-funds.

GLOBAL - Invesco Asset Management's duration in bonds remains moderately long versus the JP Morgan Government Benchmark, according to Invesco's head of global bonds Mark Dowding.

GLOBAL - Northern Trust continued the trend of downward quarterly figures by reporting a $21.3m dip in net income for Q4 2001, compared to the corresponding period in 2000.

UK/EUROPE - The Committee of European Securities Regulators (CESR) published yesterday, for a second round of consultation, revised proposals for common European standards for alternative trading systems (ATS).

GLOBAL - Rodamco North America (RNA) has admitted defeat in its bid to fend off a hostile takeover by the Australian property group Westfield.

GLOBAL - BITA Plus Consultants (BPC), a global provider of risk management and portfolio optimisation software, has released BITA Complete, a risk analysis and reporting service that enables fund managers to have access to detailed risk and performance...

THE NETHERLANDS - ING Real Estate - the property arm of Dutch financial giant ING - has finalised a EUR736m investment in residential fund Vesteda.

EUROPE - Credit Suisse Asset Management (CSAM), has strengthened its European fixed income team with three senior promotions across the Continent.

EUROPE - Friends Provident International has launched five new SICAVs, targeting both institutional and private investors.