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SWITZERLAND - The Baden-based ABB Investment Foundation has appointed an adviser to a new hedge fund of funds portfolio with an initial seeding of CHF67m.

AUSTRIA - APK Pensionskasse, the EUR1.6bn multi-employer pension fund, is looking at investing in hedge funds.

GERMANY - Institutional investor confidence has declined regarding the state of the Germany economy, according to a German research centre.

SWITZERLAND - Swiss Life has posted a massive 86.6% drop in profits for 2001, a result the firm chief executive officer Roland Chlapowski described as "satisfactory".

SWITZERLAND / MEXICO / US - Zurich Financial Services has announced that it is to sell its Mexican fund management business to Principal Financial Group, the US group that is in the process of demutualisation.

SWITZERLAND - Despite falling stock market values, pension fund assets are still higher than at the start of 1999, according to a Watson Wyatt study.

SWITZERLAND - Chairman of private banking group Vontobel, Hans Dieter Vontobel, is to step down in April, leaving behind a 63% slump in profits for 2001 announced by the firm.

GERMANY - Institutional investors continue to remain upbeat about the state of the Germany economy, according to a German research centre.

SWITZERLAND - The CHF3.8bn Basellandschaftlische Pensionskasse (BLPK) is looking to review its private equity strategy later this year in a move that could initiate a search for a global fund of funds manager.

SWITZERLAND - The EUR6.8bn pension fund for Swiss postal workers, Caisse de Pension Poste, is about to embark on a series of fund manager searches, beginning with a search for six firms to run various equities mandates.