All Alternatives articles – Page 138
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Features
Reserve fund takes first steps
The National Pensions Reserve Fund was set up in 2002 to act as a cushion against some of the expected growth in future liabilities of Ireland’s state and civil service pension arrangements. Its purpose is to act as a demographic equalisation fund, helping to redress potential underfunding which may arise ...
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Features
Irish funds venture shy
Since the go-go eighties, Ireland has been punching above its weight in cultivating a profile as a home of technological innovation. In 2003, private equity funds invested in Ireland totalled e255m. This represented 0.194% of the country’s GDP, and one of the highest percentages in Europe, higher than Germany, Belgium ...
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Features
Hedge funds in the mainstream
Hedge funds have now moved into the mainstream with 32% of European institutions now using them, Greenwich Associates says. “Among European institutions, the proportion using hedge funds jumped to 32% in 2004 from 23% a year earlier,” the Connecticut-based consulting firm sasy. It added that US institutional use climbed to ...
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News
Germany’s Metzler sees boom in master funds
GERMANY - A boom in so-called “master funds” should enable Germany’s Metzler Asset Management to grow its institutional assets under management in 2005 about as fast as they did in 2004, one of its executives says.
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Watson Wyatt Ireland hires ex-E&Y economist
IRELAND – Watson Wyatt says it has hired a former chief economist at Ernst & Young, Paul Droop, to be a senior investment consultant in its Dublin office.
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MEPs to debate hedge fund regulation
EUROPE - The European Parliament's Committee on Economic and Monetary Affairs is set to debate whether the European Commission should provide guidelines for the regulation of hedge funds.
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Campina scheme appoints fiduciary manager
NETHERLANDS - The pension fund of Dutch cooperative dairy giant Campina has appointed Goldman Sachs Asset Management as fiduciary manager of a €350m mandate.
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France’s €5bn Cancava in scheme revamp
FRANCE – The €5bn pension fund Caisse Nationale d’Assurances Vieillesse des Artisans, Cancava, has appointed 10 equity managers amid a revamp which saw eight of its former managers dismissed over poor performance.
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Calyon Financial marketing manager set to leave
FRANCE – Odile Sigrand, marketing manager for Crédit Agricole’s Calyon Financial, is about to leave the company.
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Psolve nabs three Aon consultants
UK - Psolve Asset Solutions, sister firm of consultant Punter Southall, says it has hired three investment consultants from Aon in Scotland.
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News
German fund body defends hedge funds
GERMANY – The head of the German fund industry association BVI has dismissed the view that hedge funds have flopped in Germany.
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Canadian scheme backs Luxembourg’s Honsel
LUXEMBOURG – Ontario-based public pension scheme OMERS has made a US$40.6m (E35m) investment in Luxembourg-based car industry supplier Honsel International Technologies.
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USS, PGGM investor group OKs 10 brokers
EUROPE - A group of leading European institutions, which includes pension funds USS and PGGM, have commended 10 brokerage firms for the way they analyse non-financial material.
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News
JP Morgan eyes profitable German mandates
GERMANY – The head of JP Morgan Fleming in Germany says that winning profitable mandates is the firm’s top priority.
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News
Towers Perrin's Garcia joins T. Rowe Price
UK – Asset manager T. Rowe Price says it has hired Philip Garcia, head of UK investment consulting at Towers Perrin.
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News
German brokerage group BCA slams hedge funds
GERMANY - BCA, Germany’s largest pool of independent financial brokers, has sharply criticised hedge funds, saying the products are both too costly and have performed poorly over the past few years.
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News
Watson Wyatt warns on higher Myners costs
UK – Pension consulting firm Watson Wyatt has warned of “unintended consequences” such as higher costs and disjointed decisions due to the Myners principles on the separation of asset allocation advice and manager selection.
