Regions

GLOBAL - The way the financial system is currently set up raises questions on how ownership is structured, Hermes Fund Managers senior advisor David Pitt-Watson said today.

US / EUROPE - Five more pension funds from the US and Europe have joined the class action suit against the Bank of America (BoA) over its merger with Merrill Lynch.

EUROPE- Jim Dilworth has resigned as Morgan Stanley Investment Management's head of Europe, Middle East and Africa division.

GLOBAL - The secondary private equity market is attracting increasing interest from pension schemes and institutional investors, a survey by Preqin reveals.

Here they are - the winners of the Global Pensions 10th Anniversary Awards.

CHINA/UNITED ARAB EMIRATES - The Bank of New York Mellon has launched a sovereign advisory board targeting sovereign pension plans, wealth funds, central banks and sovereign owned entities.

EUROPE - ING Investment Management is set to restructure its business into a multi-boutique model in a bid to improve performance and better manage risk.

EUROPE - The first hedge fund exchange-traded fund (ETF) has been launched into the market, by db x-trackers, the ETF arm of Deutsche Bank. The ETF is listed on Deutsche Börse's XTF segment.

GLOBAL- Watson Wyatt has warned clients they will incur further losses if they rebalance their portfolios before conducting a strategic asset allocation review.

EUROPE - The economic crisis could quicken the pace at which companies shut down their defined benefit (DB) plans in favour of defined contribution (DC) plans, the European Commission says.