All Alternatives articles – Page 112
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News
GSAM gets €11.9bn net inflows
GLOBAL – Goldman Sachs Asset Management gained $15bn (€11.9bn) of net inflows in the second quarter.
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News
Hewitt considers raising stake in German venture
GERMANY – Hewitt Associates is considering raising its minority stake in the BodeHewitt joint venture it launched almost a year ago with Bode Grabner Beye.
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News
Lupus alpha hedge fund specialist to leave
GERMANY – Kay-Peter Tönnes, hedge fund specialist at Frankfurt asset management boutique Lupus alpha, is to leave to start his own business.
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ABP eyes non-listed sector amid short-termism
NETHERLANDS - Europe’s largest pension fund, the Dutch civil service giant ABP, is planning to shift the accent of its investments to non-listed companies and real estate, says chief investment officer Roderick Munsters.
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Nordrheinische doctors fund taps GSAM for GTAA
GERMANY – Nordrheinische Ärtzeversorgung (NAEV), a €7.5bn pension fund for physicians, has awarded Goldman Sachs Asset Management a global tactical asset allocation mandate worth €60m.
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News
City of Westminster axes Henderson, Aberdeen
UK – The roughly £600m (€871m) City of Westminster pension fund has axed Henderson Global Investors and Aberdeen Asset Management following a scheme restructure.
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Germany mulls private equity tax - Handelsblatt
GERMANY – The German government is considering taxing the earnings of locally domiciled private equity funds, according to business daily Handelsblatt.
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News
Amonis cuts equities, real estate for hedge funds
BELGIUM – The €1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure to equities and real estate, and ploughed roughly €34.2m into a fund of hedge funds portfolio managed by Key Asset Management.
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Finnish state fund ‘eyes 10% alternatives shift’
FINLAND – Finland’s €8.2bn State Pension Fund, Valtion Eläkerahasto or VER, is planning to allocate 10% of its assets to alternatives, according to a report.
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Germany’s Ehrhardt targets UK institutions
GERMANY – Independent German asset manager Dr. Jens Ehrhardt (DJE) is launching its funds in the UK, targeting institutional investors such as pension funds.
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Features
German investors' gradual awakening
German pension funds are still trailing behind many of their European counterparts in terms of investing in alternatives. “Pension funds still have a very limited exposure to private equity, with an allocation of less than 1% of total pension fund assets,” says Christian Edelmann, senior project manager, Mercer Oliver Wyman ...
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Features
Siren morphs into girl next door
Promising alluring returns from investment processes that are sometimes mysterious and seldom transparent, hedge funds have been the recent sirens of the global asset management industry. Recent reports estimate assets in such vehicles have grown to $1.5trn (€1.2trn) worldwide, $325bn in Europe alone. While double counting is even more of ...
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Features
Triumph of hope over experience
The worldwide demand for hedge funds and other absolute return funds will grow at an annual rate of 20% over the period 2005-8, according to the 2005 CREATE-KPMG report*. Since millions of people lost billions in the last equity bear market, this aspiration is understandable. It is also easy to ...
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Features
Global FX trading surges
Pension fund and asset manager activity in the global foreign exchange market grew 48% last year, according to consulting firm Greenwich Associates. “Average foreign exchange trading volumes among fund managers and pension funds increased almost 48% from 2004 to 2005,” the firm pointed out. “As a result of this growth, ...
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Features
Using overlay strategies
In May, The Royal Borough of Windsor and Maidenhead tendered a E599m currency overlay mandate for the £1.3bn (E1.9bn) Berkshire Pension Fund. It is one of a string of pension funds who are looking at diversifying risk through currency overlay. Other recent funds include Strathclyde, which hired Mellon Capital Management, ...
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News
USS mulls €8.7bn switch from equities – FT
UK – The Universities Superannuation Scheme is considering a £6bn (€8.7bn) shift out of equities into alternative assets such as private equity and infrastructure investments, according to a news report.
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News
Germany’s Feri and MLP intensify cooperation
GERMANY – Investment consulting and wealth management firm Feri Finance has agreed to intensify its asset management and investment product tie with independent financial advisor MLP.
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News
JP Morgan confirms hedge fund outsourcing deal
UK – JP Morgan has confirmed that it has made another hedge fund outsourcing agreement.
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News
Gartmore says no change for clients in MBO
UK – UK asset manager Gartmore says there will be “no change” for clients as a result of its private equity-funded management buyout.
