All Alternatives articles – Page 179
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News
AP7 finally gets e195m alternatives approval
SWEDEN- The board of Sweden’s e2.6bn AP7 fund has finally given the go ahead to invest 8% of the portfolio in hedge funds and private equity. A week ago the fund delayed the decision due to concerns about pricing the investments into daily NAV calculations and about them meeting the ...
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Little replaces Groom as Mellon Global CEO
UK – Mellon Global Investments has appointed Jon Little as its new chief executive officer in place of Jon Groom, who is leaving the company for personal reasons.
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AP3 to invest Sek6bn in private equity by 2006
SWEDEN- Sweden’s AP3 fund still has up to Sek6bn (e653m) to commit to private equity investments over the next three to four years. Last Summer it announced it was investing up to 5% of the Sek133bn fund in private equity but so far it has only committed Sek729m and invested ...
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News
EU- Spain pushes quantitative investment rules
EU- The Spanish presidency of the European Union is leading a move to persuade the European Council to include quantitative investment rules – the so called prudent man plus principle – in the proposed pensions directive.
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News
AP7 delays decision on alternative investments
SWEDEN- Sweden’s e2.6bn AP7 default fund has delayed the decision to allocate a total of $170m (e195m) to hedge funds and private equity. AP7’s board met yesterday to pick alternative investment managers from a shortlist but instead postponed the decision for at least three weeks.
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News
CDC IXIS launches long/short large cap fund
FRANCE – CDC IXIS Asset Management has launched a long/short alternative investment fund, a Dublin registered non-market neutral vehicle with a European large cap investment bias.
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News
Axa launches second futures hedge fund
FRANCE/IRELAND – French asset managers, Axa Investment Management (Axa IM), has launched its second hedge fund to invest in the futures markets, Axa Futures II...
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News
AIMA says hedge fund transparency lacking
GLOBAL- Research by the Alternative Investment Management Association and Capital Market Risk Advisors into the hedge fund of funds industry suggests that although investors remain wary of investing due to a lack of transparency, hedge fund managers are convinced they are providing enough disclosure.
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News
Switzerland's AHV postpones hedge fund investment
SWITZERLAND- Switzerland’s ChF19.7bn (e13.4bn) social security fund AHV has delayed investing 5% of the portfolio in hedge funds in order to focus on developing its global equity portfolio.
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News
Dresdner poaches CSAM's Trevor Green
UK- Dresdner RCM Global Investors has appointed Trevor Green as a director of UK and European equities. Green joins from Credit Suisse Asset Management where he was director of the UK equity team under Steve Goldman.
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News
Lincolnshire Council to cut equity weighting
UK – The £740m (€1,215m) Lincolnshire County Council pension fund is likely to reduce its equity weighting as a result of an asset liability study (ALS) currently being undertaken to evaluate its investment strategy.
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GSAM appoints head of distribution in Germany
GERMANY- Goldman Sachs Asset Management has appointed Michael Klimek as head of third party distribution in Germany.
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News
Threadneedle merges retail and institutional units
UK-based Threadneedle is merging its retail and institutional sales and marketing into a single distribution unit that will be run by David Sachon. Sachon will become responsible for all sales, marketing and client services across institutional, defined contribution, retail and alternative investment businesses.
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Features
Alternatives join the mainstream
Institutional investors are increasingly turning to alternative investments in an attempt to boost returns, claims joint research undertaken by Goldman Sachs and Frank Russell. The report finds that since the last survey in 1999, the amount of funds committed by European investment houses to private equity has almost doubled from ...
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News
UK funds invest in Wilton private equity fund
UK- Wilton Asset Management has announced the closure of its $240m private equity pension funds in which pension funds for the Nottinghamshire County council and the Lattice group have taken undisclosed stakes.
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News
BoA appoints European head of global markets
UK- Bank of America has appointed Arrington Mixon as European head of its global markets group.
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Robeco appoints new asset management chairman
IPE staff - all the week's major people moves - 25/01/02
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News
Metall-Rente welcomes timber and plastics workers
GERMANY – Berlin-based Metall-Rente, the newly-formed sector-wide occupational pensions scheme company for the German electronics, steel and textiles industries has confirmed that the country’s 300,000 timber and plastics industries workers have also joined the scheme, bringing the total number of potential members to 3.9 million.
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News
Austria's APK appoints Boehm to replace CEO Kapl
AUSTRIA- Austria’s e1.5bn APK pension fund has appointed Christian Boehm to succeed Helmut Kapl as chief executive. Boehm has been with APK since its creation in 1989 and was previously Kapl’s second in command.
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News
Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
