Regions

Aegon Asset Management has clinched its first ever local authority mandate.

UK's Investment Management Regulatory Organisation (IMRO) has fined Dresdner RCM Global Investors £90,000, plus an extra £68,992 costs to go to the regulator.

Quebec's giant pension fund, the C$125bn (US$82bn) Caisse de dépôt et placement du Québec (CDP), has made a C$15m (US$9.77m) investment in Proxima Systems, a customer care and billing software provider for the telecommunications industry.

Bear Stearns Asset Management - the investment arm of Bear Stearns Company - has appointed John Coyle as managing director and portfolio manager.

Global financial services group Northern Trust has snatched a CH7bn (EUR4.6bn) custody mandate at the pension fund for food giant Nestle from Geneva-based Pictet.

New York-based investment managers John A. Levin & Co - which specialises in US equity value and alternative investments - has launched a new alternative investments unit, The AltVantage Group, headed by Steve Eckenberger.

Nomura Securities has reached the second last stage of its plans to withdraw from the Japan Securities Dealers Employees Pension Fund following clearance from the securities industry's fund.

Small and medium-sized pension schemes are being wooed by Dutch-based custodian Kas-Associatie.

Credit Suisse Asset Management (CSAM) is set to launch a new hedge fund based on its existing currency options strategy.

In contrast to the previous two quarters, equities generally produced positive returns in the second quarter of 2001, according to the CAPS pooled pension fund survey.