Regions

EUROPE - Invesco Continental Europe is looking to recruit a business manager for its RFP (request for proposal) marketing division in Brussels by the beginning of 2002.

GLOBAL - Mellon Global Alternative Investments (MGAI) has introduced the Mellon Nippon Absolute Fund, a Japanese fund of hedge funds.

GLOBAL - Hedge fund investing remains a risky bet as long as market volatility and inflation persists, according to PricewaterhouseCoopers' (PWC) partner John Shuttleworth.

SOUTH AFRICA - Non-executive director of South Africa's multi-manager Investment Solutions (IS), Leon Lewis, is to succeed Peet van der Walt who steps down as the firm's chairman in July 2002.

SOUTH AFRICA - The R17m ICL South Africa Provident Scheme has dumped multi-manager Investment Solutions and appointed Franklin Templeton Investments to manage its investments.

GLOBAL - Australian financial services firm AMP has cut 85 jobs in its fund management arm, Henderson Global Investors (HGI).

ASIA PACIFIC - US fixed income manager PIMCO has taken steps to extend its reach into the Japan with two executive hires based in Tokyo.

GLOBAL - Hedge fund investment house Tremont Advisers has teamed up with US financial analytics and tech company RiskMetrics Group to develop Web-based risk reporting for hedge fund managers and investors.

EUROPE - Peter Dencik, institutional head at Singer & Friedlander Investment Management (SFIM), has warned that the European pensions directive is unlikely to take shape in the next few years despite urgent calls to push the matter forward.

SOUTH AFRICA - Multi-manager Investment Solutions (IS) saw its assets boosted by R3.6bn ($374.5m) in the six months to September 30, 2001 to R38bn ($3.9bn).