All Alternatives articles – Page 181
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News
Goldmans and Natexis in multi-manager alliance
FRANCE/UK – Paris based Natexis Banques Populaires (NBP) and London based Goldman Sachs Asset Management International (GSAMI) have signed a cooperation agreement to consolidate their respective positions in the multi-management market....
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Gensec becomes 'io' in Europe multi-manager push
EUROPE – South African investment firm, Gensec International Asset Management, has rebranded itself to become io investors, in a bid to refocus its multi-manager offering to the European market....
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Fund managers heed profit warnings, says PwC
FUND MANAGEMENT – The fund management industry appears to be responding to warnings of significant profit declines after a year of increased competitive pressure, with profit margins falling less than expected reports, according to a survey by consultant PricewaterhouseCoopers....
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Cross-border real estate investment rises
EUROPE - European cross-border investment in real estate rose for the third quarter of this year but remains some 25% below the record figures of last year, according to the latest report from DTZ Research....
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Mellon reshuffles management for European growth
UK/EUROPE - Mellon Financial Corporation (Mellon) has announced a raft of senior European management changes as it sets its sights on business growth on the continent, beginning with the move of Jack Klinck, Executive Vice President and Head of Corporate Strategy and Development, to London as head of Mellon Europe.... ...
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Fortis opens new Irish funds office
IRELAND – Fortis Fund Services (Ireland) Ltd (FFSI) has opened a new branch office in Galway City, which is expected to employ over 50 people....
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Punter Southall names two new principals
UK – Consulting actuary firm, Punter Southall (PS), has promoted Gail Chorley and James Saunders to the position of principal, bringing the number of principals at the company to 23....
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Swiss ABB scheme launches new venture fund
SWITZERLAND – The €3.6bn Baden based ABB Vorsorge (ABB) pension fund company has launched its fourth closed-end private equity fund, which has already raised CHF 80m (€54.5m) in its first closing....
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Austrian employers propose new DC model
AUSTRIA – The country’s employers association and unions have come up with a defined contribution (DC) pensions system designed to modernise the Austrian retirement benefit and provisions’ landscape, says Vienna based Actuaria Benefit Consulting.....
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Gartmore enters Italian market with Meotti hire
ITALY – UK fund management house, Gartmore, has moved into the Italian market with the opening of an office in Milan and the appointment of former ING Italian institutional chief, Nicola Meotti, as country manager....
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Europe happier than UK over stock exchanges
EUROPE /UK - Stock exchanges seem to be better regarded in Continental Europe than they are in the UK, according to a recent survey of opinion, entitled “Improving Trading Efficiency In European Equity Markets” amongst European broker-dealers and institutions, published by London-based Westminster and City Programmes....
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Rothschild names new institutional client manager
UK – Rothschild Asset Management has appointed Marion Colverd as manager of its institutional client service team in London.
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News
Blackstone lures Meaden for European hedge start
Nicola Meaden, chairman and CEO of hedge fund advisory group Tremont TASS (Europe) has quit the firm to join US outfit Blackstone Alternative Asset Management (BAAM), which establishes its first physical presence in Europe with the appointment.....
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Features
Route-maps to transparency
Few of us walk down the street with a blindfold on – too many bollards, other pedestrians, plus the possibility of something unsavoury underfoot. Similarly, transparency provides investors with some comfort of arrival at the expected level of returns, with relatively few stumbles along the way. Conventional long-only funds, operating ...
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Features
Outperformance there for the taking
The data below, supplied by Financial Risk Management, the hedge fund specialist, tracks the performance of every type of hedge fund conceivable. The figures on the opposite page are FRM estimates of how the industry has grown in the past seven years and more specifically, which of the four classes ...
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Features
Making introductions
Until recently placing money with a hedge fund manager was predominantly done through small independent companies offering what is known as capital raising or contract marketing. In practice hedge funds lacking the resources to fund their own sales teams employ someone independent. Typically that someone might be Arpad Busson running ...
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Features
Time to re-examine hedge strategies
We fielded a barrage of calls from the press in the immediate aftermath of September 11’s attacks. Typically, they only needed a quotation or two on what the implications were for hedge funds. However, with about 40 mid-month fund returns to go on, our reply was that hedge fund strategies ...
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Features
Getting to grips with fund of funds managers
Hedge funds seek to make money in markets irrespective of market direction – a laudable aim, particularly in the current uncertain times. Hedge fund managers have the ability to leverage up if they are overwhelmed by opportunities, or go into cash if market conditions are not promising for their particular ...
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Features
Dipping a toe in the water
As hedge funds continue to win a measure of acceptance from pension funds and other institutional investors, they seem set to change the dynamics of the relationship between consultants and their pension fund clients. Across the board, consultants are finding that their larger, more active clients are expressing curiosity about ...
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Features
The hunt for 'decorrelation'
In a climate of low interest rates and low growth, pension funds are finding it increasingly difficult to earn a reasonable return without an unacceptable increase in risk. A bull market in equities is now a distant memory, and returns from equities and bonds continue to converge. This is creating ...
