Regions

Financial services firm Man Group, has appointed Sally Cady to the new position of group public relations manager.

Despite themselves being optimistic in the face of stockmarket volatility fund managers are unable to allay the fears of pension fund trustees, according to a joint survey by PricewaterhouseCoopers and the CBI.

Hanover Capital Mortgage Holdings - a New York-based mortgage REIT - has launched a closed-end investment fund dealing in sub-performing and non-performing mortgage loans.

Beleaguered telecoms giant Marconi has confirmed that its £2.5bn pension scheme has £800m worth of investment mandates to be invested in UK equities.

Scheme specific benchmarks have received heavy backing from fund managers, who have welcomed news that most UK pension schemes now use them.

Global hedge funds witnessed a US$8.4bn* surge in assets in Q2 - surpassing the figure for entire assets in 2000, and posting the biggest single quarterly net inflow since Tass Research first conducted its studies in 1994.

The UK occupational pensions regulator plans to name and shame pension schemes in breach of the Pensions Act could begin as early as next month.

Chairman of Alliance Capital International Frank Savage is leaving to start his own firm, Savage Holdings.

Germany's Deka Bank, the mutual fund provider and retail bank with EUR135.2bn (£83.5bn) of assets under management, has launched five investment funds aimed at institutional investors.

The NZ$3.5bn (US$1.44bn) Government Superannuation Fund (GSF) in New Zealand hopes to confirm its advisors by the end of August.