All Alternatives articles – Page 129
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News
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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News
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.
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BT scheme eyes commodities by end-2005
UK – The £50bn (€74.2bn) pension scheme of phone firm British Telecom may allocate a “single figure” percentage of its assets to commodities from its equity portfolio by the end of the year.
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Features
Case for active style allocation
Al though the existing literature seems to concur on the interest of hedge funds as valuable investment alternatives, there seem to be several shortcomings in current industry practice when it comes to fully capitalising on the advantages of including hedge funds in an investor’s asset allocation. So far, the only ...
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Features
Law change backs pension funds
Austrian pension funds and private equity are not an obvious fit. For a start - in terms of private equity investing as a whole - Austria comes near the bottom of the European league. Just 0.051% of Austrian gross domestic product was invested in private equity in 2003, the latest ...
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Features
Investment boost to innovation
APK Pensionskasse is a multi-employer pension fund with around 65,000 members. It manages 20 plans, the plan sponsors typically being industrial corporations. APK runs e1.8bn of plan assets, with about 1% of the portfolio invested in private equity. The pension fund has been investing in the asset class since 2001. ...
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Features
Traditional markets bullish
As can be seen from table 1, all hedge fund strategies except for convertible arbitrage posted positive performance in May. Consequently, three out of five strategies now show positive year-to-date returns, as opposed to two in April. Most traditional markets (for example , stocks, bonds, commodities) were bullish in May, ...
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Features
Looking into the futures
The returns of commodities futures are negatively correlated with stocks and bonds. Commodity futures provide diversification at times when stocks are performing at their worst. Commodity features have a positive correlation with inflation. These enticing characteristics are the conclusion of a study* by Gary Gorton, of the University of Pennsylvania’s ...
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News
Fortis opens sales office in Frankfurt
GERMANY - Fortis has opened a sales office in Frankfurt to offer a range of fund services to asset managers specialising in both traditional and asset classes.
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News
Central banks query hedge fund diversification
GLOBAL – The Bank for International Settlements, the central banks’ central bank, says fund managers’ claims about the diversification benefits of hedge funds may be overstated.
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Citigroup exits asset management business
GLOBAL – Citigroup has confirmed it is exiting the asset management business in a $3.7bn (€3.1bn) deal with Legg Mason.
