Regions

State Street Global Advisors (SSgA) is developing a new global hedge fund strategy and is looking to launch it in the second quarter of 2002.

UK's Financial Services Authority (FSA) warned that it is looking closely at those firms that are falling behind in settling personal pension review cases.

Finnish financial services group Sampo has appointed Jarmo Salonen as head of investor relations.

UK's £1.4bn Leicestershire County Council Pension Fund is tendering a new £50m-£75m private equity portfolio.

Stakeholder pension schemes could prove to be a burden when they are forced upon UK companies in October, according to senior consultant at Watson Wyatt Andrew Cheseldine.

The $12.7bn Teachers Retirement System of Louisiana (TRSL) has put an international equity mandate worth between $200m to $400m out to tender.

Australian life assurer AMP has confirmed it will acquire UK-based independent financial adviser Towry Law for £75.7m, including the firm's £51m pension liability.

Morgan Stanley Investment Management has launched a web site for UK institutional investors at www.morganstanley.com/im/uk.

Existing pension plans for South African miners are set to undergo a major overhaul to account for the effects of the HIV/Aids epidemic.

Investment exchange virt-x in London has opened a blue chip equity trading market for institutional investors via its subsidiary virt-x Exchange.