All Alternatives articles – Page 122
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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
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
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
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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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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News
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.
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News
SEI sees 25% European growth
EUROPE – SEI, the US-based multi-manager fund provider, expects to grow its business in Europe by 25% annually, with nearly all of that growth taking place in the UK, its managing director for Europe says.
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News
Horeca in €100m private equity move
NETHERLANDS - The €2bn Dutch hotel and catering scheme, Pensioenfonds Horeca en Catering, has awarded two €50m private equity mandates to Goldman Sachs Private Equity Group and HarbourVest Partners.
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News
Demand for Germany’s Riester pensions surges
GERMANY – Demand for the Riester-Rente, a government-subsidised private pension launched in 2002, has increased dramatically this year, the German finance ministry has reported.
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News
IPE-QUEST: North American equities tendered
DENMARK - Kirstein Finans has tendered around $100m (€85.4m) in active North American small/mid-cap equities via IPE-Quest.
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News
CEIOPS rules out separate pensions committee
EUROPE – CEIOPS chairman Henrik Bjerre-Nielsen has ruled out the need for a separate EU committee on pensions – despite the group’s current focus on the Solvency II project for the insurance industry.
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News
IPE-QUEST: Danish fund tenders EM debt
DENMARK – Kirstein Finans has tendered around €70m in global emerging market debt for a Danish pension fund via IPE-Quest.
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News
IMA says pension pooling at stalemate
UK – The Investment Management Association says pension pooling is stuck in “something of a stalemate”.
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News
Ireland’s NPRF starts private equity programme
IRELAND – The €14.5bn National Pension Reserve Fund has initiated its new investment programme with a €75m private equity commitment with independent buy-out firm CVC Capital Partners.
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News
Institutions pull €1.8bn from Schroders
UK – Schroders plc says it lost a net £1.2bn (€1.78bn) in institutional assets under management in the three months to the end of September – although asset management profit and revenue were both up.
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News
EU pensions committee eyes hedge fund role
EUROPE – The European pensions supervisory committee CEIOPS wants to serve as a focus for debating issues that impact occupational pension supervision from other sectors, such as hedge funds.
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News
Nestlé seeks pensions risk manager
UK – Nestlé is looking for a risk manager with experience in hedge funds to offer services, including the management of assets and liabilities, to its pension funds.
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News
Buckingham cuts Capital mandate in revamp
UK – The £874m (€1.3bn) Buckinghamshire Pension Fund has cut Capital International’s equities mandate by just over 20% due to poor performance results, and appointed five new fund managers.
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News
Report denies UK pensions crisis
UK - Britain does not face a pensions crisis, nor does it have a savings gap that needs closing, a business-led think tank has said.
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News
Italian pension funds agree merger
ITALY – Fonchim, Italy's industry-wide chemical and pharmaceutical industry pension fund, is acquiring the Bayer Italia pension fund (Fpbi), the Italian unit of the German chemical firm Bayer.
