Regions

KENYA: The KSH900m (£8m) Kenya Commercial Bank Pension Fund has appointed Old Mutual Asset Managers (OMAM) as its investment manager.

EUROPE - French investment house Credit Agricole Asset Management (CAAM) and consultancy Watson Wyatt have signed an agreement for the development of Credit Agricole's European multi-manager operations.

THE NETHERLANDS - Robeco Alternative Investments has issued an initial tranche of EUR50m following the introduction of its new Robeco Protected Absolute Return Note (Robeco PAR Note).

SOUTH AFRICA - The R19bn ($2bn) Johannesburg-based Eskom Pension and Provident Fund is reviewing its investment strategy in move that could see its entire assets up for grabs.

GLOBAL - The CSFB/Tremont Hedge fund index posted a 0.4% rise for October, with managed futures the top performer for the second successive month.

GLOBAL - US-based Prudential Asset Management and Everbright Securities in China have signed a joint venture agreement to establish an asset management firm in Shanghai.

GLOBAL - Mellon Financial Corporation has reshuffled some of its key management positions in a bid to leverage European activities, said the firm.

GLOBAL - Pioneer Investments has appointed Dominik Kremer as general manager for Pioneer Investment's German office in Munich. Kremer joins from Fidelity Investment Services where he was director of sales and marketing.

UK - Pension schemes have been warned against following Boots and make a wholesale move into bonds.

US - John Casey, chairman of US consultant Barra Strategic Consulting Group, warned fund managers that he expects to see massive job losses in the industry within the next three to five years.