Regions

GLOBAL - WestAM has started shopping early for a hedge fund of funds to keep pace with current trends in institutional investment, according to the firm.

EUROPE - JPMorgan Fleming Asset Management has launched its enhanced index strategies covering European benchmarks.

EUROPE - Kleinwort Development Fund (KDF), an investment trust, and Dresdner Kleinwort Capital (DrKC), the private equity business of Dresdner Bank, have announced a new joint venture company, Kleinwort Capital.

EUROPE - Hewitt Associates has announced the formation of a strategic alliance with Wassum Investment Consulting, the Scandinavian investment advisor.

GLOBAL - Managed futures specialists Mount Lucas Management (MLM) has launched its first two offshore hedge funds aimed at non-US institutional and private investors.

EUROPE - Standard & Poor's (S&P) and Crédit Lyonnais Asset Management (CLAM), a subsidiary of Crédit Lyonnais Group, have formed an alliance under which CLAM will distribute exchange traded funds (ETF) in Europe.

EUROPE - Real estate specialists, LaSalle Investment Management, has launched the LaSalle Euro Growth II fund.

GLOBAL - The European Public Real Estate Association (EPRA), the National Association of Real Estate Investment Trusts (NAREIT) and Euronext have launched the first global real estate index.

US/GLOBAL - Financial services group State Street Corporation has poached S. Kelley MacDonald as the firm's new senior vice president and head of investor relations, reporting to chief financial officer Ronald L. O'Kelley. She joins State Street from...

SOUTH AFRICA - Investec Asset Management and University of Cape Town (UCT) Graduate School of Business have formed a contractual arrangement to encourage discussion among the trustees of South African retirement funds.