All Alternatives articles – Page 151
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Features
PPPs a panacea for pensions?
Equities outperform bonds long-term! Pension funds are for privileged investors as, because of their long-term liablility profiles, they do not need to care about the short-term volatility of equities. This means that pension funds can hold the highest exposure in equities that the individual liability profile of the fund justifies. ...
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Features
Seeing through transparency
A survey conducted last year by Deutsche Bank found that over one-third of hedge-fund investors require managers to provide detailed information about the holdings and risk in their portfolios. Yet, according to an earlier report by Capital Markets Risk Advisors (CMRA) in association with the Alternative Investment Managers Association, while ...
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News
DeAM nabs Schroders' Hillier for Euro equities
UK - Deutsche Asset Management UK has hired Piers Hillier as head of institutional European equities.
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BGI names European transition head
GLOBAL - Barclays Global Investors has hired Rory Tobin from investment bank J P Morgan as director of transitions, Europe, a new role.
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L’Oreal awards E35.6m to Russell
UK – The L’Oreal (UK) Ltd. Retirement Benefits Plan has awarded Russell a global equity mandate worth more than 24 million pounds (35.6 million euros) - 22% of the total plan assets.
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AP2 backs more transparent EU hedge rules
SWEDEN – The head of fixed income and alternative investments at the 140.4 billion-crown (15.3 billion-euro) Andra AP-fonden has welcomed moves to a more transparent hedge fund framework.
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Institutions put $300m into FTSE hedge vehicle
EUROPE – Institutions have put 300 million dollars (253 million euros) into the hedge fund vehicle behind FTSE’s new investible hedge fund index, the fund’s asset manager said.
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Clwyd puts E16m into hedge funds with Pioneer
UK - Flintshire County Council has awarded a fund of hedge funds mandate on behalf of the 550 million-pound (834 million-euro) Clwyd Pension Fund to Pioneer Alternative Investments.
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Robeco seeks “forceful” institutional growth
NETHERLANDS – Robeco, reporting a 48% rise in net profit, says it is looking to “forcefully grow” its European institutional business.
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Sweden’s AP1 to look at hedge funds
SWEDEN – The 139 billion-crown (15.2 billion-euro) Swedish buffer fund Första AP-fonden says it plans to research hedge funds.
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News
PGGM sees problems with new reference framework
NETHERLANDS - Dutch health care and social workers’ pension fund PGGM has said there are problems within the agreed one-year recovery decided in the new financial reference framework, Financieel Toetsingskader.
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News
BNP Paribas buys Zurich hedge business
FRANCE – BNP Paribas Asset Management says it has agreed to buy the Javelin fund of hedge funds business from Zurich Financial Services’ ZCM Investor Capital arm.
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State Street Ireland hires Goldman’s Nangle
IRELAND – State Street has hired Goldman Sachs Asset Management’s Gavin Nangle to be head of business development in Ireland.
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News
UK’s Clwyd adds hedge fund exposure in revamp
UK – The 550 million-pound (834 million-euro) Clywd Pension Fund says it has broadened its hedge fund exposure in a “major review” of its investment managers.
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MSCI to buy risk software firm Barra for E675m
GLOBAL - Morgan Stanley is to buy risk management analytics firm Barra for 816.4 million dollars (675.3 million euros) in cash and integrate it with its majority-owned MSCI index business.
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News
Railpen chief executive Peter Murray to retire
UK – Peter Murray, chief executive of the 13 billion-pound (19.5 billion-euro) Railway Pension Trustee Company, is to retire in May.
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News
Ireland’s NPRF earns millions from stock lending
IRELAND - Ireland’s National Pension Reserve Fund earned more than four million euros from stock lending and brokerage commission recapture in 2003, according to the National Treasury Management Agency.
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News
IBM likely to use new Irish common fund
IRELAND - Computer giant IBM is likely to become one of the first multinational companies to use the common contractual fund (CCF), Ireland’s new tax transparent pooling vehicle, to pool its pension funds’ global equity assets.
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News
New EU countries need “prudent person” – ADAM
EUROPE – New European Union countries in central and eastern Europe need to lift investment restrictions and implement the “prudent person principle”, Allianz Dresdner Asset Management says.
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Features
'Add return - reduce risk'
Increasing accounting and regulatory pressures on UK pension funds will compel them to at least consider including currency management in their investment strategy, according to James Binny, director of FX analytics and risk advisory at ABN Amro. Pressure is likely to come from the new accounting standard, FRS 17 and ...
