All Alternatives articles – Page 170
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News
Asset-backed investments find favour in Europe
EUROPE - Almost e92bn of new asset-backed debt has been sold into Europe so far this year, according to Deutsche Bank, indicating that the market sector is becoming increasingly popular among investors.
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First participation certificates launched by HVB
GERMANY/AUSTRIA – Pensionskassen and insurance companies will benefit from participation certificates in alternative investments, according to HVB Alternatives, which has been the first to launch these products in Germany
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Henderson to open up in Switzerland
SWITZERLAND- Henderson Global Investors has opened an office in Zurich from which it will promote its retail and institutional products and services.
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German institutions slash equity holdings to 19%
GERMANY- German institutions have decreased their asset allocation to European stocks from an aggregate 27% to 19% over the last two years, according to a survey by US-based consultants, Greenwich Associates.
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Morley names head of alternative investments
UK- Morley Fund Management has appointed Peter Rains as head of alternative investments, in addition to his role of head of fixed income.
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Features
Alternatives manager
PGGM, the e47bn pension fund for the health care and social work sector, has promoted its head of real estate Jan van der Vlist to oversee its alternative investments. The Dutch fund recently brought real estate, private equity investments, mortgages and absolute return funds under one umbrella and renamed them ...
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Gartmore appoints head of consulting group
UK- Gartmore Investment Management has appointed Shamus Young to the position of head of global consulting group. Young, previously account director on the Gartmore institutional client services team, will be responsible for managing all aspects of Gartmore's relationships with investment consultants and institutional manager of managers.
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EFRP vice chairman questions EC directive
UK- The European Commission’s occupational pensions directive has come under fire from a prominent European pensions professional who claims that it fails to fulfil one of its main objectives, the liberalisation of investment across Europe.
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L&G remains largest manager of UK pension assets
UK- Legal & General remains the largest manager of UK pension fund assets according to the latest edition of an annual survey of investment managers by the independent consultant Hymans Robertson.
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CalPERS names new chief executive
US- CalPERS, the US’s largest public pension fund, has appointed Fred Buenrostro as its new CEO, following the departure of James Burton after eight years in the role to head up the World Gold Council in London.
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News
Pension funds are largest PE investors in Europe
EUROPE- Pension funds were the biggest investors of private equity funds in 2001, accounting for 277 of funds raised (e9.8bn), according to the quarterly newsletter of the European Private Equity and Venture Capital Association.
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News
SSgA wins e1.35bn GE global equity mandate
UK- GE Life, part of the US insurance and investment group GE Financial, has appointed State Street Global Advisors (SSgA), the investment arm of to run the £850m (e1,345m) equity element of its GE ‘Pensions With Profits’ fund.
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Robeco buys 60% share in Boston Partners
NETHERLANDS/US- Dutch asset manager Robeco, part of the Rabobank Group, has acquired a 60% participating interest in Boston Partners Asset Management, adding the final piece in Robeco’s establishment of new company Robeco USA. Robeco USA will manage approximately e30bn in assets – 30% of Robeco’s total assets under management.
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UK's FSA boss hits out at EC finance directives
UK- Howard Davies, chairman of UK regulator the Financial Services Authority, has rounded on the raft of directives contained in the European Commission’s Financial Services Action Plan.
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News
FSA tackles short selling transparency
UK- The UK Financial Services Authority and several market participants have produced a series of possibilities for disclosure of short selling in the UK. At a meeting hosted by the FSA and attended by hedge funds, prime brokers, securities lenders and several corporates it was unanimously agreed that the issue ...
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News
Management fees in Europe set to fall
EUROPE- Average gross fees are expected to decline across Europe’s asset management industry at a rate of 2% a year over the next four years, according to consultant Oliver, Wyman and Company and UBS Warburg.
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News
FIM creates new global marketing role
BENELUX- Fortis Investment Management has appointed Patrick Van de Steen as head of marketing. Van de Steen assumes global responsibility for the marketing division, made up of over 70 staff worldwide, and will be based in Brussels.
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News
PMI drops Deutsche from e3bn currency mandate
NETHERLANDS- PMI, the e13bn Dutch metal workers pension fund, has dropped Deutsche Bank as manager of its e3bn passive currency mandate due to poor performance and instead appointed Goldman Sachs.
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News
European AM industry to see plummeting growth rate
EUROPE- Growth in revenues and assets under management is expected to slow rapidly in Europe over the coming four years according to a report out today by strategy consulting firm, Oliver, Wyman and Company, and UBS Warburg.
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News
AP6 and Skandia launch private equity company
SWEDEN- AP6, the Swedish national fund specialising in private equity, is launching a new company investing seed capital in high tech companies in the Nordic region.
