All Alternatives articles – Page 167
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Features
Hedge fund seeding
Growth in the hedge fund world is unprecedented and the future remains promising. After a decade of growth averaging 20% a year, analysts now predict that the annual growth rate for the next 10 years could exceed 25%. According to a recent study by Oliver, Wyman & Co and UBS ...
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News
Credit Suisse AM revamps European management
EUROPE – Credit Suisse Asset Management Europe has announced its pan-European management structure and executive board members.
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News
e10bn Dutch scheme to treble private equity assets
NETHERLANDS – The 10 billion euro Dutch railway pension fund, Spoorwegpensioenfonds (SPF), is upping its allocation to private equity from 180 million euros to 500 million euros.
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News
Bank Leu issues hedge fund RFP
SWITZERLAND – Bank Leu has issued a request for proposal for its new Swiss-registered hedge fund products, though it did not disclose the size of mandates.
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News
Pension funds back France's Activa buyout fund
FRANCE – Paris-based private equity firm Activa Capital has attracted European pension funds and fund managers, with a first close of 90 million euros on its mid-market buyout fund.
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MLIM assets fall for third year in a row
GLOBAL – Merrill Lynch Investment Managers’ assets under management fell in 2002 for the third consecutive year.
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Switzerland’s Partners in venture with Sauerborn
GERMANY/SWITZERLAND – Swiss alternative asset manager Partners Group and German private asset manager and financial service provider Sauerborn Trust AG (formerly FERI Family Office AG) have launched a joint venture in Switzerland aimed at high net worth individuals.
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News
UK Environment Agency pensions head quits
UK – The head of pensions at the 994 million pound (1.5 billion euro) UK Environment Agency pension fund, Sue Timberwell, has left.
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News
Position data compromises hedge funds - survey
GLOBAL – The disclosure of detailed position-level data is seen as compromising the performance of hedge funds, according to a new survey by Capital Market Risk Advisors and the International Association of Financial Engineers.
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AIMA names chairman as membership surges
UK – The Alternative Investment Management Association has named Christopher Fawcett as its new chairman, following a 34% growth in its membership.
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News
AP2 appoints 13 external managers
SWEDEN - The 13.6 billion euro second Swedish national pension fund, AP2, has appointed what it calls a “network” of 13 external investment managers in 14 separate equity sectors – though no agreements about size of mandates has yet been reached.
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News
Schroders hires ex-Philadelphia pension chief
UK/US – Schroder Ventures International Investment Trust (SVIIT) has added Marc Bonavitacola, former chief investment officer for the city of Philadelphia’s five billion dollar public employees retirement system, to its US operations.
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News
European private equity down 30% to e27bn
EUROPE – European private equity firms saw the value of funds raised decline by almost 30% in 2002, with the combined total of 27.4 billion euros raised by 57 funds far short of 2001’s 38.2 billion euros, according to private equity research firm AltAssets.
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News
Robeco assets fall by 16.6 billion euros
NETHERLANDS – Dutch bank group Rabobank’s asset management division Robeco says market declines have reduced its assets under management by 16.6 billion euros as at the end of 2002.
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News
US fund sponsors’ costs rise 10% - report
US – US pension fund sponsors’ operational costs have risen 10% in the last three years, to almost 0.4% of total assets, according to new research by the Callan Investment Institute – with the rise driven by staff pay and fee rises.
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Features
Get to grips with hedge funds
‘More talk than action’ is a comment often made during discussions about hedge funds for European pension funds. In this article, I would like to present the perspective of a pension fund trustee on this topic. The conclusion will be, in short, that the debate about the use of hedge ...
