Mohamed El-Erian, Chief Executive Officer and Co-Chief Investment Officer of PIMCO, today has resigned from his functions effective mid-March and will leave PIMCO at the same time.

Investors start 2014 more optimistic about global growth prospects, especially for the U.S. but increasingly for Europe as well, according to the BofA Merrill Lynch Fund Manager Survey for January.

The California Public Employees' Retirement System (CalPERS) has selected Pacific Urban Residential as a new manager for its Multifamily Real Estate Program.

Amundi Alternative Investments SAS (Amundi AI), a wholly-owned subsidiary of Amundi, has obtained AIFM authorisation from the French securities regulator (Autorité des Marchés Financiers) for all of its investment solutions. The AIFM directive, transposed by the EU member states on 22 July, regulates alternative fund managers for the first time as part of a dedicated framework.

10 out of 13 Lyxor Indices ended the month of November in positive territory, led by the CTA Long Term Index (+4.2%), the L/S Equity Market Neutral Index (+1.7%) and the CTA Short Term Index (+1.6%). The Lyxor Hedge Fund Index posted a positive performance close to 1% in November (+5.8% YTD).