All Alternatives articles – Page 115
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News
Austria: asset management degree offered
AUSTRIA – An advanced technical college in Vienna is offering a new master of science degree for quantitative asset management from this autumn.
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Dutch funds buy into UK private equity firm
UK - The two largest Dutch pension funds, ABP and PGGM, have put an undisclosed sum into private equity firm West Private Equity via their AlpInvest vehicle.
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Irish reserve fund updates tender process
IRELAND – The €15.4bn National Pensions Reserve Fund says it is updating its tendering process for equity managers to make it more user-friendly.
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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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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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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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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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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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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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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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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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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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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 ...
