All Alternatives articles – Page 168
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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 ...
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Barcelona to host European pensions summit
SPAIN – The European Pensions and Investing Summit is to take place in Barcelona on February 24 and 25 and will focus on active management, risk structures, alternative investments, professional governance and activism, say organisers Information Management Network.
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News
UK private equity: Epic in e76.8m float
UK – The 76.8 million euro flotation of Epic Brand Investments on the Alternative Investment Market shows there’s still life in the UK private equity market.
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Russell sees “substantial” European growth
SPAIN – Multi-manager specialist Frank Russell Co. says it has seen “substantial growth in Europe this year” - adding that it has been awarded 30 new institutional client mandates across Europe for its multi-manager funds so far in 2002.
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Watson advises clients away from equities
EUROPE – Pension consultancy firm Watson Wyatt says it is advising its clients to move away from equities and that it knows of “very few” firms that invest in accordance with best practice.
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News
Guru tells pension funds: bear market to persist
UK - The current bear market is likely to last until 2005 at least, one of the US’s most prominent investment strategists told pension fund managers and their advisers today.
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News
Mellon the winner in HVB multi-manager launch
GERMANY – Mellon Financial Corp. is the biggest winner in HVB Group’s decision to launch the first ever German multi-manager programme for institutional clients, by winning seven of the 24 asset management slots available as well as other business, including custody.
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News
Fund managers team up against German tax proposals
EUROPE – Eleven US and European fund managers have joined forces to campaign against the German government’s new tax proposals, which they feel discriminate against foreign investment managers.
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News
Nasdaq launches European-specific ETF
EUROPE – Citing demand from European, and especially German, institutions, US-based stock exchange operator Nasdaq has launched a European-specific exchange traded fund based on the Nasdaq 100 Index.
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Features
AP7's private equity choice
Sweden’s seventh national pension fund, AP7, has allocated $84m (e86m) to two US-based private equity fund of fund managers, Hamilton Lane Advisors and HarbourVest Partners. Hamilton Lane will be managing a US private equity fund of fund portfolio balanced between buyout, venture and special situation funds including secondary interests. AP7 ...
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Features
Infrastructure as an alternative
Recent global market turmoil has seen a rebalancing of many pension funds’ portfolios away from listed equities and a greater willingness on the part of institutional investors to examine alternative asset classes. There have been many reports of increased allocations to private equity and hedge funds as well as a ...
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Features
Coping with fixed liabilities and volatile assets
Pension funds, and particularly defined benefit (DB) ones, are basically a bag of liabilities. These obligations have to be matched by both current assets and the future income stream. In the past 50 years, pension funds have benefited successively from high returns on equities, bonds, and equities again. Since September ...
