All Alternatives articles – Page 173
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Features
European private equity: a full potential market
In increasingly testing financial markets, investors are looking for new sources of diversification and return. Private equity should be an integral part of their investment choices. All the reasons for growth… The private equity market in Europe is currently the beneficiary of two sets of factors that are positive ...
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Features
Hedge funds get guarded welcome
Hedge funds now represent a small but significant part of the portfolios of some of Sweden’s foundations. The Swedish Foundation for Strategic Reseach (SSF) took its first tentative steps into hedge funds last year. Bjorn Brandt, director of administration at SSF says: “To diversify foundation assets and obtain a performance ...
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Features
Why overlays are 'must haves' for funds
Currency overlay is a ‘must have’ for plan sponsors with cross border investments and processes that control risks. Currency risk has become important in today’s average pension portfolio and is increasing in importance. InterSec Research Corp., a consultant, projects pension funds globally will have one out of five dollars invested ...
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Features
You cannot leave home without it
The euro rise has focused attention on the importance of currency management. If you are invested in non-European equities, and hedged the currency risk, then your fund lost 20.9% in the first half of this year. If your international equity managers did not currency hedge, then this loss was increased ...
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Features
Investing in US timberland
Over the past 20 years, US institutional investments in timberland have increased remarkably, starting at just $4 million in 1981 and reaching $10 billion by 2001. In this article, we look at why timberland has gained the interest of institutional investors, and what the future holds for those considering timberland ...
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News
Nordea shakes up asset management arrangement
DENMARK- Nordea Asset Management has announced it is centralising its European, US and global equity management in Copenhagen. At the same time it is centralising the management of Norwegian equities in Oslo while bringing its European fixed income operation to Copenhagen.
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News
ING reorganises asset management into regions
GLOBAL- ING Investment Management is to be introduced in ING’s regional businesses in the Americas, Asia/Pacific and Europe in a move that sees it rearranged along a regional basis.
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News
UK railway fund to increase private equity holding
UK- Railpen, the UK railway £13bn (e20.3bn) pension scheme, is to increase its allocation to private equity from 2% to 5%, taking the level of investment from around £400m (e626m) to £750m (e1.17bn).
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News
JP Morgan Fleming loses e391m balanced mandate
UK- Cambridgeshire County Council’s pension fund has dropped JP Morgan Fleming Asset Management from a £250m (e391m) balanced portfolio. The scheme is now tendering for a new specialist global equity fund manager to take on £130m of JP Morgan’s old mandate.
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News
AP3 commits further e135m to private equity
SWEDEN- Sweden’s third national pension fund AP3 has committed a further e135m to private equity taking its total investment in the asset class to e210m. The latest commitment by the fund is almost split half and half between US and European private equity houses.
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News
Shake up at US fund sees Rogge lose e611m mandate
US- A complete overhaul of asset allocation at the Illinois teachers’ retirement system (TRS) has thrown two mandates out to tender and led the fund to drop Rogge Global Partners from a $594m (e611m) international fixed income mandate.
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News
Mercers hires Standard Chartered's pensions head
UK- Mercer Investment Consulting has added to its UK team by hiring Standard Chartered Bank’s Chris Gill who joins as a European principal and senior consultant responsible for manager research and a number of clients.
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News
Golman Sachs beefs up cash management team
UK- Goldman Sachs Asset Management has added to its cash management team with the appointment of Richard Norval as executive director with the European cash sales team.
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News
CalPERS names interim chief executive officer
US- CalPERS has appointed Robert Walton interim chief executive 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
Aon gets go-ahead for multi manager OEIC
IRELAND- Aon consulting has received regulatory approval for its new Dublin-based open ended investment company, Aon Investment Company. Registered in Dublin, the OEIC will operate from London and provide an integrated service combining investment consulting advice with a manager of managers approach.
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News
Ex-Phillips & Drew chief executive quits UBS
UK- Robin Hindle Fisher, the former chief executive of Phillips & Drew, is leaving UBS after ten years with the company. Hindle Fisher stepped down as chief executive last year to take a year out and study at the London Business School.
