All Alternatives articles – Page 159
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Features
Meeting the hedge capacity challenge
What is very interesting is the recent rise in pension fund investment in hedge funds. Driven by increasing membership and sponsor pressure to generate absolute returns, pension fund trustees are increasingly considering hedge funds as part of their overall investment portfolios. Now that consultants and even the UK government (Myners) ...
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Features
The private equity world
The private equity world sometimes moves at a different pace to the rest of the investment world. The European Private Equity and Venture Capital Association (interestingly still best know by the abbreviation of its old name – EVCA) has just published (in its mid- September newsletter) a summary of the ...
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Features
Parliament gets to work on hedge funds
With the summer break now over, the legislative machine at Brussels has started to crank back into life. On the slate is a directive aimed at pinning down transparency. Also in the pipeline are a consultation on pensions mobility and the directive on investment services. But perhaps the most interesting ...
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News
Dutch fund tenders hedge brief on IPE-Quest
NETHERLANDS – A Dutch pension fund has tendered two hedge fund of funds mandates via IPE-Quest.
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Goldman Sachs AM revenues rise 20%
GLOBAL – Goldman Sachs’ asset management division saw its revenues rise by 20% in the third quarter to 481 million dollars (417.6 million euros), from 400 million dollars a year ago.
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Tyne & Wear tenders for investment consultant
UK – The two billion-pound (2.9 billion euro) Tyne and Wear pension fund has put out to tender a mandate for an investment consultant.
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Put 5-10% into hedge funds - ex-Watson partner
UK – Former Watson Wyatt partner and senior investment consultant Stephen Oxley says pension funds should allocate between five and 10 percent to hedge funds.
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Woods to head new SSGA hedge fund strategy group
UK - State Street Global Advisors has set up a hedge fund strategies group to be headed by former UK chief investment officer Chris Woods.
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Ex-Shell Pension deputy CIO joins Gartmore
UK – Nick Shaw, former deputy chief investment officer for Shell Pension Management Services, has been appointed by Gartmore as it expands into private equity.
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Hermes boosts private equity team
UK – Hermes’ private equity arm has hired an investment director from CVC Capital Partners.
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Gartmore in hedge fund tie with Aspect Capital
UK – Gartmore is expanding its hedge fund business by forming an alliance with Aspect Capital, a global hedge fund company.
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AP1 hires head of alternative investments
SWEDEN – The 126.6 billion-Swedish crown (13.7 billion-euro) Swedish reserve fund Forsta AP-fonden has hired a head of alternatives.
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BoNY names Headon as alternatives manager
IRELAND – The Bank of New York is expanding its services for alternative assets, specifically for European-based hedge fund managers.
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Société Générale names deputy CEO at SGAM
FRANCE – Société Générale has named Alain Clot as deputy to SG Asset Management chairman and chief executive Philippe Collas.
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Corporate pension funds seen eyeing hedge funds
EUROPE – Corporate pension funds are changing their thinking about hedge funds, prompted by pension obligations being treated as debt, according to a new report by Morgan Stanley.
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UK bosses “persist with DB schemes”
UK – Corporate directors in the UK are keeping their defined benefit pension schemes while closing them for workers, the main trade union body in the UK says.
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Hertford pension fund in private equity move
UK – The 2.2 billion pound (3.2 billion euro) Hertfordshire County Council Superannuation Fund has made a 55 million-pound (79.8 million-euro) move into private equity.
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News
PGGM spends E30m to hedge against inflation
NETHERLANDS – The 48 billion-euro Dutch healthcare pension fund PGGM has spent 30 million euros to hedge its pension commitments against inflation.
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Features
Absolute rules
Chastened by the experience of a three-year bear market in equities, European pension funds are moving from away from traditional benchmarks and relative returns toward ‘liability-driven’ strategies and absolute returns. Certainly this is the picture that alternative asset managers, and some traditional asset managers, are painting. Mark Rosenberg, head of ...
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Features
Gaining efficient access to hedge fund strategies
Funds of hedge funds (FoHF) have become a popular way for new hedge fund investors, both private and institutional, to gain access to the attractive performance characteristics of hedge fund strategies. These products provide investors with efficient exposure to a diverse range of alternative investment strategies and the unique skills ...
