All Alternatives articles – Page 176
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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
'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
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
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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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.
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News
Stamford opens multi manager to UK market
GUERNSEY/UK- Stamford Asset Management is opening up its Guernsey-based collective investment scheme, the multi-manager investment programme (MMIP), to the UK institutional market.
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News
NTMA announces seven managers for final e2bn
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced the final seven managers to run the unallocated e2bn of the National Pensions Reserve Fund’s e8bn in assets.
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News
ALM study could open up PMI's investment strategy
NETHERLANDS – The giant €12.5bn Dutch metal workers fund, PMI, is undertaking an asset liability study that could open up its investment strategy to include alternatives such as commodities, currency overlay, below investment grade bonds and inflation-linked contracts.
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News
UBS Capital partners launch PE exit strategy group
UK- Five partners in the UK team of UBS Capital, the private equity company formerly known as Phildrew Ventures, have launched a new entity IRRfc specialising in taking on the management of institutional investors’ unwanted private equity holdings. IRRfc will focus exclusively on exit strategies and will not be making ...
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News
CalPERS shortlists seven for $4.1bn equity fund
US – The $172.5bn (€196.3bn) Californian state public workers’ pension fund, CalPERS, has short-listed seven asset management firms to take care of the fund’s $4.1bn domestic growth equity fund.
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News
Mercers IC business development head moves to TGM
UK- The recently re-named Mercer Human Resource Consulting has lost its investment consulting head of marketing and business development David Tucker to a similar role at TGM Asset Management in London. TGM started life in 1997 as a tactical asset allocation manager but has since moved into currency overlay and ...
