All Alternatives articles – Page 154
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Features
What the new laws allow
The Investmentmodernisierungsgesetz (InvModG – Act modernising investmentfund regulation) was set on its way in order to mirror the changes in the UCITS III Directive within the German investment law. This presented an opportunity that was taken, to replace the KAGG law in place since 1957 and the AIG law since ...
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Features
A bridge too far?
Institutional investors who view private equity generally as high risk may see investing in private equity in emerging markets as a bridge too far. The experience of the 1990s would only confirm this view as results have been disappointing in both absolute terms and also relative to private equity funds ...
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Features
Clearing the hurdles
One hundred per cent allocation to hedge funds? This is not as silly as some may think. If an institutional investor were to simply put hedge fund return data into their asset liability model, 100% may well be the answer. The risk return characteristics of hedge funds are so attractive, ...
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Features
Common sense the touchstone
Hedge funds are on their way to become the next big thing in investment management. New funds start up every day, hedge funds are marketed aggressively to institutions and, under pressure to make up for recent losses, many institutional investors are showing serious interest. Many investors do not seem to ...
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Features
Still getting over the surprise
“Everyone was taken by surprise,” is the view from the German asset management association on the decision to reduce restrictions on hedge fund investment that came into force in January. This surprise was because on 6 February, 2002, Hans Eichel, German finance minister, had written in the Financial Times that ...
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Features
Warming up the punters
People climb mountains because they are there, but will German retirement savings funds use hedge funds just because a law makes it easier? For most institutional investors the idea of hedge funds is more interesting than actually using them at the moment. This is partly because the ability to invest ...
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Features
Turning on the taps
‘How to tackle Germany’ occupied much conversational space at recent conferences. The Investment Act and the Investment Tax Act, which came into force on 1 January this year, brought hedge funds onshore for the first time, enabling an investor base already familiar with hedge fund index certificates to have direct ...
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News
LGIM's institutional fund mgmt profit falls
UK – Legal & General says the operating profit of its institutional fund management arm LGIM fell to 80 million pounds (119.7 million euros) in 2003 from 92 million pounds in 2002, a decline of 13%.
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News
New IPE Real Estate publication launched
GLOBAL – IPE has launched a new quarterly publication, IPE Real Estate, to accompany the main monthly magazine.
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News
Goldman hires Morgan Stanley’s van Bezooyen
UK – Goldman Sachs has confirmed it has hired Morgan Stanley European pension executive Jeroen van Bezooyen.
