Regions

In the coming years, hedge fund holdings of European financial organisations will rise $182bn from their current $41bn, to some $220bn, an increase of over five times, according to Sector Analysis.

Aon Consulting's Bristol office has secured a full service appointment from the £4.5m Poole Harbour Commissioners' Pension Scheme (PHCPS), covering the harbour.

Clerical Medical has closed its doors to new pensions business. The company said the temporary suspension was due to unprecedented levels of new business since start of the year and the resulting backlog in servicing.

Aegon's net income has accelerated 24% to EUR626m (£393m) for the second quarter of 2001, compared to EUR1,161m (£727,778) for the first quarter.

San Francisco-based investment advisor and hedge fund manager EGM Capital has made two new hires.

Canada Life has strengthened its multi-manager structure by linking up to three of Fidelity Investment's funds.

Rating agency Standard & Poor's has assigned its 'AMP-2' classification to ING Investment Management, Brazil.

The £2.8bn Scottishpower pension scheme - Scotland's largest private sector pension fund with more than 29,000 members - has appointed Aon Consulting in Glasgow as its scheme administrator.

Morgan Stanley has changed the name of its institutional securities entity in Japan, Morgan Stanley Dean Witter Japan Limited to Morgan Stanley Japan Limited.

The $1.3bn KDDI pension fund in Japan has appointed PIMCO to manage $60m worth of US corporate bonds.