All Alternatives articles – Page 115
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News
CalSTRS, CalPERS build new manager database
US – US pension fund giants CalSTRS and CalPERS are putting together a database of emergent asset management companies in a bid to gain access to “untapped talent”.
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News
European institutions snap up new Finnish IPO
FINLAND – Just over 100 European institutional investors have snapped up the shares in Finnish financial services firm FIM Group’s new initial public offering.
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News
Dutch, UK chiefs quit ABN Amro Asset Management
EUROPE – Two high-level Netherlands and UK executives, Marc Verberne and Dermot Keegan, have quit ABN Amro Asset Management to join rivals.
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IMF sees bird flu impact on pension regulators
GLOBAL – The International Monetary Fund says pension industry regulators may have to swing into action in the event of a pandemic of avian flu.
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Germany’s BVV eyes real estate, private equity
GERMANY – BVV, a €17.7bn pension fund serving Germany’s financial services industry, plans to raise its exposure to real estate to at most 8% over the long-term and is mulling an initial investment in private equity.
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News
Italy’s Previcooper seeking asset managers
ITALY – Previcooper, the €73m supplementary second pillar pension for employees of Italy’s co-operative distribution industry, is looking for asset managers for the ‘Safe’ portfolio of its ‘multicomparto’ structure.
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News
Switzerland’s APK outlines switch to DC
SWITZERLAND – Aargauische Pensionskasse (APK), a CHF4.9bn (€3.1bn) pension fund for Swiss civil servants, plans to fully fund its liabilities by January 1 2008 following several reforms – notably a switch to defined contribution from defined benefit.
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News
Pension funds buy into Clariant bond issue
SWITZERLAND – A significant amount of pension fund money went into Swiss chemical firm Clariant’s new UK-listed seven-year €600m Eurobond.
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News
Pensions conference glut claims first victim
EUROPE – An unusual convergence of pensions and investment industry conferences on Tuesday April 25 has claimed its first victim: Credit Suisse.
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News
ABP setting 2007 investment plan
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is currently in the process of establishing its new strategic investment plan to run from 2007 to 2009.
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News
Cambridge hires ex-State Streeter for hedge funds
US – Consulting firm Cambridge Associates has former State Street’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group.
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News
New pension risk blog set up
GLOBAL – A new online blog aimed at pension financial risk and fiduciary implications has been launched.
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Merrill Lynch changes staff retirement terms
GLOBAL – Merrill Lynch employees will have to work longer and retire later if they want to cash out their company shares.
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Features
Who's afraid of the D-word?
Derivatives - the portmanteau word for futures, options and swaps - send shivers down the spines of the boards of many pension funds, who see them as too complicated, too expensive and too risky. Yet derivatives offer a way out of the difficulties that pension funds face in the current ...
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Features
Going in alternatives direction
IPE asked three pension funds – in the UK, Belgium and Finland – the same question: ‘Do alternative asset classes serve a useful purpose or are they too complex and too expensive?’ Here are their answers: Richard Stroud, chief executive at The Pensions Trust, which has AUM of £3.3bn ...
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Features
Dipping a toe in the water
Investing in alternative assets by French pension funds is still not common. “This is generally due to a poor understanding of alternative betas and especially the restrictive regulations,” says Noel Amenc, professor of finance and director of the Edhec Risk and Asset Management Research Centre. Other observers point to the ...
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Special Report
How to value the future
In this comment, we report the results of research on pension fund trustee decision-making relevant to socially responsible investment (SRI). Based upon a sample of over 150 UK trustees, it is shown that a majority of trustees believe there are significant barriers to the implementation of SRI. At the same ...
