All Alternatives articles – Page 121
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News
ABP, PGGM award €11bn private equity mandate
NETHERLANDS – ABP and PGGM, the two largest Dutch pension funds, have awarded a new €11bn private equity mandate to AlpInvest.
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DeAM, Trinkaus in running for Henkel CTA
GERMANY – Industry sources say Deutsche Asset Management and HSBC’s Trinkhaus Capital Management may be in line to advise chemicals firm Henkel on its planned contractual trust arrangement – an external fund to finance more than €1bn in pension liabilities.
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FRR to hold private equity informational meeting
FRANCE – The Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, is to hold a meeting for asset managers later this month about its private equity RFP.
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Mercer names multi-management president
GLOBAL – Mercer has named Fidelity’s Phil de Cristo as president of its multi-manager arm Mercer Global Investments, a new role.
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Study finds pension funds are fickle
EUROPE – Pension funds are the most fickle of all European institutional investors when it comes to asset managers, according to a new study.
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ATP named best European pension fund 2005
EUROPE – Denmark´s ATP has been named overall Best European Pension Fund in 2005 at the annual IPE Awards in Berlin. It was also named Best European Public Pension Fund as well as scooping the top award for Denmark and risk management.
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Loss of key people impacts Norway’s Petrol Fund
AMSTERDAM – The loss of key people is the main reason why fund managers are fired by the Norwegian Petroleum Fund, according to its chief executive Knut Kjær.
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MSIM hires ex-GSAM European equities co-CIO
EUROPE - Hywel George, former co-chief investment officer of European equities at Goldman Sachs Asset Management, has joined rival Morgan Stanley Investment Management.
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Hermes plans commodity fund for pension schemes
UK - Hermes Pensions Management is planning to launch an index commodity fund exclusively for pension schemes early next year.
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ABP cuts pension premiums in unexpected move
NETHERLANDS – ABP, the largest Dutch pension fund, says its pension costs for members will be lower than last year.
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Retired rich are huge untapped market -- McKinsey
UK -- Retiring and retired individuals in Europe represent a huge opportunity for any player which really decides to focus on the market, according to management consultants McKinsey in a recent report.
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Features
Coming to terms with derivatives
Remember 1995? Only 10 years ago or so, most investment managers still felt pretty uncomfortable with derivatives. Derivative traders were an exotic species using Greek symbols and a jargon nobody could understand. No surprise, pension funds hardly used these instruments, or even avoided them in principle. What is a derivative? ...
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Features
Comfort from derivatives
IPE asked three pension funds in three countries – Denmark, the Netherlands and Switzerland – the same question: ‘Do derivatives perform a useful function in pension fund portfolios or are too costly, complicated and risky?’ Here are their answers: Hasser Jørgensen, chief investment officer at Denmark’s PFA Pension which ...
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Features
Inaccessible class opens up
Commodities may be latecomers to the diversification game, but market commentators suggest they are winning an increasing share of institutional investors’ portfolios. Changes in the commodities market - driven largely by increasing demands from the booming Chinese and Indian manufacturing industries - have increased demand for commodities, and made them ...
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Features
Spain catches PE fever
Compared with the rest of Europe, Spain’s involvement with private equity has soared over the past year or two. Last year, according to the European Venture Capital Association. private equity investment equalled 0.246% of the country’s gross domestic product, placing it fifth in the European rankings, ahead of countries such ...
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Features
Behind the curve
September was a good month for funds of funds all round, with the Eurekahedge indices returning upwards of 1% across almost all strategies and regions. The month saw a departure (positive) from August’s shallower returns, and a return to the more robust pre-August rising trend. The Eurekahedge Global Fund of ...
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Features
Basque fund develops venturesome role
Geroa EPSV is a defined contribution pension fund which was set up to complement the Spanish state pension scheme. It covers employees in Gipuzkoa, one of the three provinces making up the Basque Country region. The fund has 100,000 contributing members and is currently worth about €500m. Geroa was started ...
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Features
Negative times here again
Against a backdrop of lacklustre performance in almost all markets (eg, stocks, bonds and commodities), and more generally, of a decline in the risk appetite of investors, all hedge fund strategies performed negatively in October, for the first time since April. Unsurprisingly, the strategies most harshly hit by the fall ...
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News
20% of UK schemes invest in hedge funds - NAPF
UK – Around one in five large UK pension funds have some exposure to hedge funds, the National Association of Pension Funds says.
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Sweden's AP2 names new chief executive
SWEDEN – Andra AP-fonden, the SEK173bn (€18.2bn) Second Swedish National Pension Fund or AP2, has appointed Eva Halvarsson as chief executive.
