Regions

GLOBAL - Pictet Asset Management (PAM) has achieved compliance with the industry standard Performance Presentation Standards (PPS).

EUROPE - Socially responsible investment (SRI) is set to receive a boost in Europe with the creation of a new platform to promote SRI throughout the region.

GLOBAL - Liberty Ermitage has teamed up with Standard Asset Management (SAM), a subsidiary of Standard Bank in South Africa, to launch the Standard Liberty Distressed Securities Hedge Fund.

GLOBAL - The Hedge Fund Association (HFA) , has announced its new board of directors. The international association covers hedge fund managers, service providers, and investors.

EUROPE - F&C Management has appointed Patrick Hendrikx as head of global credit, effective from January 1, 2002.

GLOBAL - Life insurance companies are being urged to tread cautiously into the pensions market following the post-September 11 market slump or risk "testing expenses" according to ratings agency Standard & Poor's (S&P).

THE NETHERLANDS - Dutch financial giant Aegon has lost Sir Michael Jenkins, vice-chairman of investment bank Dresdner Kleinwort Wasserstein, from its supervisory board.

JERSEY - Ashburton Asset Management has launched the Euro Asset Management Fund and the Dollar Fixed Income Management Fund for institutional and retail investors.

UK - London-based Morley Fund Management has hired Nick Alford as the firm's new European chief operating officer as part of the firm's restructuring plans.

SOUTH AFRICA - Two of South Africa's biggest fund managers may learn their positions are not set in stone when they are reviewed by the R270m (£19.2m) pension fund of cement firm PPC next week.