News

GLOBAL - Watson Wyatt Worldwide saw revenues in its investment consulting group rise by 5% between June and September as demand for advice on investment strategy increased.

GLOBAL - The global exchange traded fund (ETF) industry is set to explode, with assets projected to reach US$1trn next year and then double in 2010, data from Barclays Global Investors (BGI) reveals.

NETHERLANDS - Aegon Group reported a net loss of €329m (US$420.3m) for the third quarter, with underlying earnings before tax down by 28%.

US - Cautious comment from the asset management community has followed yesterday's sweeping victory by democratic candidate Barack Obama in this year's US presidential elections.

SWITZERLAND - The Swiss pension fund industry has embraced specialist reporting for pensions, according to the latest Swiss Institutional Survey conducted by Lusenti Partners.

HONG KONG - Hong Kong's Mandatory Provident Fund, the city's compulsory retirement savings plan, may be headed for its largest annual loss since inception after declining 15% between April and September.

THE third of our quarterly Pensions Review debates has now gone live on Professional Pensions Online.

Third party administrators are losing thousands of pounds each year due to errors in processing investment instructions, an Altus survey reveals.

The Alternative Investment Management Association has published a collaborative educational guide for institutional hedge fund investors.

Executive pay must still be aligned to shareholder value and needs to attract and retain employees in the face of global financial turmoil, Deloitte says.