All Alternatives articles – Page 138
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News
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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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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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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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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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.
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AXA IM Italia names advisory manager
ITALY - AXA IM Italia, the Milan-based office of AXA Investment Managers, has appointed a new institutional advisory manager to look after its institutional business.
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Unigestion/Lyxor launch new bricks
CHANNEL ISLANDS – Unigestion Asset Management and Societe Generale Asset Management’s Lyxor AM have launched a range of single-strategy funds of hedge funds, called ‘Bricks’.
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Features
Emerging markets deliver goods
Absolute Return Funds (ARFs) returned on average 3.2% for the month of November and an impressive 9.5% for eleven months of the year. Within the Absolute Return universe, Eurekahedge has categorised funds into bottom up, top down, dual approach, and diversified debt, of which over 150 are listed in its ...
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Features
Danes become more focused
Pension funds are the most important source of private equity finance in Denmark, easily outstripping corporate investors, banks and insurance companies. Even so, they have recorded a sizeable increase in investment over the past year. In 2002, the percentage of Danish private equity investment raised from pension funds was 33.4%, ...
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Features
Running it all in-house
ATP Private Equity Partners (ATP PEP) is the private equity arm of the statutory pension provision fund ATP. It was set up in 2001. “ATP wanted some exposure to private equity for the purposes of diversification, as well as for superior returns,” says Jens Bisgaard-Frantzen, managing partner, ATP PEP. “At ...
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Features
Thinking about direct
The City of Zurich of Pension Fund, with assets of CHF 11.4bn (e7.4bn), moved into hedge fund investment at the end of 2000 with a hedge fund allocation of 2.5% which increased to 5% at the beginning of 2002. The main aim was risk diversification, says Vera Kupper Staub, the ...
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Denmark’s ATP in Falck private equity deal
DENMARK - ATP Private Equity Partners, a subsidiary of the E27bn statutory pension provision fund ATP, is a partner in the purchase of Danish emergency services group Falck.
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Morley Fund Management unveils Polish hedge fund
POLAND - Morley Fund Management says it will launch its first hedge fund managed and invested in Poland.
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Swiss vote means no gold for pensions
SWITZERLAND - The Swiss first pillar scheme AHV will receive nothing from the sale of 1,300 tons of the central bank’s gold reserves, the upper chamber of parliament has decided.
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Carnegie exits Sweden pension consulting
SWEDEN - Nordic investment bank Carnegie’s Swedish pension consulting arm has been taken over by advisory firm Max Matthiessen.
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Metzler in German institutional asset boost
GERMANY - Citing robust investor demand for so-called “master funds,” Germany’s Metzler Asset Management says its institutional assets under management (AUM) have increased by almost one-third this year.
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Fortis Bank appoints new global head equity finance
NETHERLANDS – Dutch bank insurer Fortis Bank has appointed Andrew Stuart as global head equity finance sales in London.
