All Alternatives articles – Page 128
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Staffordshire scheme revamps managers
UK – The £1.7bn (€2.5bn) Staffordshire County Council Pension Fund has revealed a sweeping revamp of its investment manager roster.
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Citco changes owners
GLOBAL– Hedge funds service provider The Citco Group Ltd has announced that an investor group has acquired “a controlling interest” in the firm from the Sandoz Family Foundation.
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Deutsche AM posts €12bn 1H05 investor outflows
GERMANY – Deutsche Asset Management, the institutional fund arm of Deutsche Bank, suffered €12bn in investor outflows during the first half of 2005.
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AXA IM to buy Framlington Group Ltd for €252m
UK – AXA Investment Managers (AXA IM) is poised to buy boutique Framlington Group Ltd from HSBC Holdings and Comerica Inc for £174m (€252.1m).
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Institution lifts Pioneer’s first-half results
GLOBAL – A European institutional investor is responsible for over half of the €4.8bn of inflows netted by Pioneer Investments in the first half of 2005.
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IPE-QUEST: €10.6bn fund tenders hedge funds/TAA
EUROPE - A $13bn (€10.6bn) European pension fund has tendered for up to five global macro hedge fund/tactical asset allocation (TAA) overlay managers via IPE-Quest.
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Supervisory convergence key for CEIOPS – Trichet
EUROPE – The success of the EU committee of pensions supervisors, CEIOPS, will be judged on how it achieves “supervisory convergence” says European Central Bank president Jean-Claude Trichet.
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Denmark’s PKA grows to more than €13bn
DENMARK – Pensionskassernes Administration, the third largest pension provider in Denmark, says its first-half return of 12.1% has taken its market value to more than DKK100bn (€13.3bn).
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EU says fund proposals to aid pension crisis
EUROPE – The European Commission says new investment fund proposals released today will help tackle the continent’s pensions crisis.
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Irish reserve fund commits €3bn to private equity
IRELAND – The €13.5bn Irish National Pensions Reserve Fund says it plans to commit around €3bn to private equity in the next five years or so.
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Germany implements pension fund directive
GERMANY - Germany has implemented the EU directive on occupational pension funds more than two months before the September 23 deadline following a parliamentary vote on Friday.
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FUND FORUM: MAN CEO on investable hedge indices
MONACO - Investable hedge funds indices were given the thumbs down by a senior industry figure at the Funds Forum conference.
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VW pension managers exit amid probe
GERMANY – The resignation today of Volkswagen’s human resources head Peter Hartz follows that of VW’s Pension Trust director Helmuth Schuster amid a bribery investigation.
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Dutch schemes’ Harcourt in Swedish hedge move
SWEDEN - Harcourt Investment Consulting, the Swiss hedge funds business that is ultimately majority owned by ABP and PGGM through NIB Capital, has launched a Swedish hedge fund index.
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“Discontinuous event” fears for hedge funds – S&P
GLOBAL – The growth of hedge funds and the derivatives they use may amplify the impact of the next “discontinuous event”, Standard & Poor’s has warned.
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Analysts welcome Deutsche Asset Management exit
UK - Deutsche Bank watchers have welcomed this morning’s announcement that virtually all of Deutsche Asset Management in the UK will be sold to rival Aberdeen, noting that the move gives Deutsche an elegant exit from the business.
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Dutch schemes confirm talks to sell NIB Capital
NETHERLANDS - The two largest Dutch pension funds are in talks to share their stakes in merchant bank NIB Capital to a grouped headed by former Goldman Sachs executive Christopher Flowers.
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Dutch schemes’ NIB ‘close to take-over decision’
NETHERLANDS – NIB Capital, the merchant bank owned by the two largest Dutch pension funds, has received a bid from a former board member of Goldman Sachs, according to press reports.
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FUND FORUM: Germany piles into derivatives
MONACO - German investors have moved huge volumes of assets into the derivatives and certificates area, says Martin Theisinger, managing director for Germany and Austria at Schroders Investment Management.
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WestAM names Westen as asset allocation chief
GERMANY - Institutional fund provider WestAM KAG has hired Gunther Westen from HSBC Trinkhaus Capital Management for the new role of director of asset allocation and fund management.
