All Alternatives articles – Page 133
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News
Pension fund buys Shell power venture
GLOBAL – A Canadian pension fund and a private equity arm of US insurer AIG have teamed up to buy InterGen, a power generating joint venture of Shell and Bechtel, for US$1.75bn (€1.3bn).
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Clients put $10bn into currency overlay - Mercer
GLOBAL - Mercer Investment Consulting says its clients put $10bn (€7.7bn) into currency overlay mandates in 2004.
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Austria’s NÖVK scheme taps GES for SRI
AUSTRIA - Niederösterreichische Vorsorgekasse, a two-year-old Austrian pension fund serving 100,000 employees, has hired GES Investment Services for socially responsible investment consulting.
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Wellington raises stake in outsourcer Capita
UK – Asset management firm Wellington Management Co. has increased its stake in Capita Group, which provides pension outsourcing to companies such as utilities firm RWE and supermarket group Safeway.
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Greenwich: foreign exchange becoming asset class
GLOBAL – With volumes up almost 25% last year, foreign exchange is evolving into a separate asset class for “real money” investors, says Greenwich Associates.
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Pension outsourcing group sold to private equity
UK - The pension and benefits outsourcing business of Hogg Robinson has been sold to private equity firm Duke Street Capital for an undisclosed sum.
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Sweden rules out merging AP schemes for now
SWEDEN – The Swedish government has dismissed for the time being a suggestion to merge the four biggest AP buffer funds, worth a total SEK626.5bn (€68.4bn), as a cost-cutting measure.
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MEPs want pension directive implemented
EUROPE - The European Parliament's main economic committee has called on European Union member states to make progress on implementing the directive on occupational pension funds.
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Swiss schemes ‘invest more in alternatives’
SWITZERLAND – Swiss institutional investors have invested more in alternative asset classes and real estate in 2004 - but their asset allocation “remains prudent” a survey sponsored by Credit Suisse Asset Management suggests.
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ABP to formulate FTK transition policy
NETHERLANDS - Stichting Pensioenfonds ABP, the €168bn scheme for Dutch civil servants, is to formulate a “transitional policy” to deal with the new FTK rules.
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‘Over 75 UK schemes’ allocate to hedge funds
UK – More than 75 UK pension funds have made allocations to hedge funds, according to a report from Morgan Stanley.
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Ex-Mercer president’s final bonus was down 39%
GLOBAL – Peter Coster, the former president of consulting firm Mercer, saw his bonus in his final year at the firm decline by more than 39%.
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Features
Only one strategy makes it
As can be seen from table 1, all hedge fund strategies fell short of their long-term average performance in January. Three out of five strategies even posted negative returns. These poor results, which are in sharp contrast to the good performance of Q4 2004, were mainly due to an unfavourable ...
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Features
Shaping tomorrow's hedge funds
The writer Mark Twain memorably pronounced that reports of his death were greatly exaggerated. Today he could be suggesting a similar sentiment about hedge funds. Overall trends suggest hedge funds are here to stay. Consider that the average hedge fund had its 17th consecutive positive year in 2004, showing a ...
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Features
Sophisticated Finns reap returns
In investment terms, Finland forms part of the Nordic region. As such, therefore, it is one of the most sophisticated European countries in relation to the private equity market.Finland invested 0.307% of its GDP in private equity in 2003, the last year for which figures are available from the European ...
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News
Austrian hedge fund market ‘could grow 15%’
AUSTRIA - Funds of hedge funds in Austria could see annual growth of up to 15%, according to an Austrian alternative investments firm.
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Assets going to fewer managers – Credit Suisse
GLOBAL – Credit Suisse says more new investment flows are going to a small number of fund managers as it becomes more difficult for active managers to outperform.
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Dutch ‘move to alternatives, emerging markets’
NETHERLANDS – Dutch pension funds have moved more into alternative assets and emerging markets in a quest for market outperformance and diversification, says performance measurement firm WM.
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Allianz hedge arm eyes €2.5bn in assets
GERMANY – Allianz’s hedge fund group, Allianz Hedge Fund Partners, says it expects to raise its assets under management to €2.5bn in the short term amid growing institutional investor demand for hedge funds.
