All Alternatives articles – Page 134
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News
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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News
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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News
‘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
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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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
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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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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News
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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News
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.
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News
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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News
Schroders' investment chief pockets €5.3m
UK – The head of investments at asset manager Schroders, Richard Horlick, was paid a total of £3.65m (€5.3m) in 2004, according to its annual report.
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News
SSgA's Alan Brown resigns while Leahy is promoted
Alan Brown, group chief investment officer at State Street Global Advisors and one of the most influential figures in fund management, has resigned while his internal rival for the top job has been promoted, the company said.
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News
Consultant warns of hedge fund ‘contagion’
UK – A leading pension consultant has warned that hedge funds could represent a contagion to the global financial markets.
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News
UBS asset management arm nearly doubles institutional fund inflows
SWITZERLAND – UBS Global Asset Management said inflows to its institutional business nearly doubled to CHF 23.7bn (€15.3bn) in 2004.
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News
ABP's incoming chief warns against bonds, preferring commodities
UK – Roderick Munsters, the incoming investment chief at the €168bn Dutch civil service fund Stichting Pensioenfonds ABP says he thinks bonds are not currently attractive – and that he wouldn’t bet against commodities.
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News
AP7 names central bank’s Ragnartz chief analyst
SWEDEN – The SEK5bn (€550m) seventh Swedish national pension fund, AP7, has appointed fund manager Christian Ragnartz of the Central Bank, Sveriges Riksbank, as chief analyst.
