All Alternatives articles – Page 175
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News
North Yorkshire drops Invesco from €268m mandate
UK – The £730m (€1,152m) North Yorkshire Council pension plan is looking for managers for a £170m (€268m) balanced mandate. A spokesman for North Yorkshire says the mandate, currently managed by Invesco, is under review since the fund’s investment committee is not “entirely satisfied” with Invesco’s performance.
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News
Man buys alternatives manager RMF for $833m
UK/SWITZERLAND- Man Group, the asset manager and broker, has announced it is buying the Switzerland-based alternative investment manager RMF for $833m. RMF is one of Europe’s largest alternative investment managers with $8.5bn in assets under management.
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News
AP6 and Nordico Invest launch Nordic venture fund
SWEDEN – Swedish state pension fund, AP6, is to merge one of its business units, Industrial Equity, with Swedish private equity outfit, Nordico Invest, to create a new venture fund for medium-sized companies in the Nordic region.
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News
Nortel axes Jupiter from UK equities mandate
UK – The £1.6bn (€2.5bn) Nortel Networks UK Pension Plan has dropped Jupiter Asset Management from its manager roster. Jupiter was running a UK equities mandate, the size of which is undisclosed.
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News
ABB appoints Goldmans to manage e110m hedge fund
SWITZERLAND – The ABB Investment Foundation, with over SFr 6bn (€4bn) under management for 36 Swiss-based pension funds, has appointed New-Jersey based Goldman Sachs Princeton LCC (GS) to manage its new SFr160m (€110m) hedge fund portfolio.
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Features
Market efficiency or hooliganism?
There are many myths concerning short selling. A recent example of misconception came from Hans Eichel, the German finance minister, in an article written for the ‘Personal View’ column of the Financial Times. According to the article, the German government has included, in its draft of a fourth Financial Market ...
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Features
Dipping a toe in the water
With equity markets in the doldrums, investors are turning their attention to alternative investments such as hedge funds for their high potential returns and their ability to reduce overall portfolio risk. Over the past decade or so, the global hedge fund industry has grown rapidly from an estimated 1,500 funds ...
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Features
'A guide to currency overlay management'
Deutsche Bank Global Markets Research has published a 70-page report titled ‘A Guide to Currency Overlay Management’. The report concludes that “investors and plan sponsors should consider increasing their focus on both the risk of, and the potential returns from FX” since “historical performance data suggest that active management of ...
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Features
Pointers to choosing managers
The process of selecting a fund of hedge funds manager starts with the initial rationale and process for including hedge funds in a scheme’s asset allocation. By looking to include hedge funds in the asset allocation, the pension scheme investors will have been driven by some of the following thoughts ...
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Features
Private equity comes of age
Is private equity beginning to grow up and graduate from being a fringe asset class to being accepted as a fully fledged member of the investment community? The fact that it is now going through some performance problems is almost reassuring in itself. There was, for some years, a concern ...
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News
UK pension funds view private equity as 'trouble'
UK- The flight of UK pension funds from equities into bonds has dashed hopes that schemes would increase their investment in private equity, according to a senior pension fund consultant.
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News
Warburg Pincus fund closes at e5.9bn
US/EUROPE Private equity firm Warburg Pincus has announced that its WP VIII fund has closed with assets of $5.3bn (€5.9bn), a figure it claims is a “considerable accomplishment” in light of the volatile economic climate and consolidating private equity market.
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News
AXA IM promotes Moreau to CEO
UK- AXA Investment Managers, one of Europe's largest fund managers, has announced the appointment of Nicolas Moreau as chief executive.
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News
Henderson launches PE funds for German investors
GERMANY- Henderson Private Capital, the private equity arm of Henderson Global Investors, and the Feri Finance Group are launching two private equity fund of funds designed specifically for institutional investors in Germany.
