All Alternatives articles – Page 173
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News
Managers urge agencies to clarify fund definitions
EUROPE- Eleven of Europe’s largest investment managers have clubbed together and are pressurising three major ratings agencies, Standard & Poor’s, Morningstar and Lipper, to introduce more consistency to the way they categorise funds.
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German PE market down 30% in first half of 2002
GERMANY – The private equity market in Germany is heading for what will be its worse year since 1999, despite a pick-up in business in the second quarter of this year, says the BVK, the German private equity association.
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AFG-ASFFI urges French government to reform tax
FRANCE – The French asset management association, the Paris-based AFG-ASFFI, has called on the government to reform the tax system to encourage people to save more and to set up a new regulatory body to ensure the continued growth of the asset management and pensions industry in France.
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IPE launches new international recruitment service
GLOBAL- The publishers of Investment & Pensions Europe magazine (IPE) and sister news service IPE-Newsline.com have launched a new international recruitment service.
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Canada Pension Plan puts e370m in private equity
CANADA- The investment board of the CS$14.3bn (€9.3bn) national Canadian pension fund has announced it is allocating a e370m to three new private equity funds.
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ABP & PGGM curb stock-lending to combat volatility
NETHERLANDS – Dutch pension funds ABP and PGGM, which have combined assets of almost €200bn, have announced joint action to suspend all stock-lending activity for short-selling in order to help combat market volatility.
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News
Frank Russell adds two to multi-manager complex
IRELAND/UK – Washington-based investment services firm, Frank Russell Company, has appointed two new managers to its150+ Dublin-domiciled multi-manager investment funds.
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News
Unigestion make senior moves in London and Geneva
SWITZERLAND/UK – Geneva-based alternative investment management group, Unigestion, has made three senior appointments to its teams in London and Geneva.
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News
AIMA to research extent of UK short-selling
UK – The London-based Alternative Investment Association (AIMA) has welcomed the news that the Financial Services Authority (FSA), the UK’s financial industry watchdog, has called for greater disclosure on short- selling.
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Hewitt enters French investment consulting market
FRANCE- Consultants Hewitt Bacon & Woodrow are entering the French investment consulting market with the purchase of the investment advisor Finance Arbitrage for an undisclosed sum.
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Fortune AM beefs up marketing team
UK– London-based alternative asset management group, Fortune Asset Management, has appointed Peter Arkell and John McDonald as directors within its marketing team in London.
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News
FSA to investigate short-selling
UK – The Financial Services Authority (FSA) has called for greater disclosure among hedge funds ‘selling short’, amid criticism in the industry that the practice is having a detrimental effect on already-depressed markets.
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UK private equity continues to outperform equities
UK- Private equity investments in the UK have outperformed UK pension fund assets over the past three five and ten years according to figures published by the British Venture Capital Association.
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Non-US stocks dumped from S&P500 index
US – Index provider Standard & Poor’s has dropped seven non-US companies from its S&P 500 index and replaced them with US companies, in a move that means the index is composed exclusively of US companies.
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News
Louisiana scheme issues e123m hedge fund RFP
US– The $6bn (€6.2bn) Louisiana State Employees’ Retirement Systems (LASERS) pension fund has issued a RFP for managers for hedge fund-of-funds portfolios worth $120m (€123.4m).
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News
PAIL launches European hedge fund of funds
UK – London-based alternative management firm, Progressive Alternative Investments Limited (PAIL), is to launch a new closed-end fund of European hedge funds, the Progressive European Alternative Portfolio.
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State Street to penetrate alternatives market
US – Boston-based banking and financial services company, State Street Corporation, has acquired New York-based alternative investment fund accounting and administration services firm, International Fund Services, signalling its intention to increase its presence in the alternative investment area.
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Metcalfe joins Hermes as business development head
UK- Hermes, the £46bn investment manager owned by the British Telecom pension fund, has appointed Charlie Metcalfe as head of business development and deputy chief executive.
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Features
Make room for gold
It never rains, but it pours. Which, for most of us, is precisely the moment that we remember – with a certain degree of bitterness – how we so nearly picked up our umbrella before rushing out of the door. And so it is with gold. For two decades, the ...
