All Alternatives articles – Page 187
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News
Postal fund parcels out £450m to venture firms
UK – Post Office Pension Trustees Limited (POPTL), the manager of the £16bn (e26bn) UK Post Office pension fund for postal group Consignia, has completed a £450m expansion of its private equity allocation by bringing on board three new managers….
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Fortis opens Dutch prime banking office
NETHERLANDS – Fortis PrimeBanking, the Dutch group’s investment services provider to funds and alternative investment funds, has opened an Amsterdam office adding to its existing operations in London and New York....
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News
Pension funds to make up 40% of hedge fund capital
EUROPE – Corporate pension funds are planning to boost investment in hedge funds and are likely to comprise some 40% of hedge fund source capital by the end of the year, second only to private investors, according to a survey published by Goldman Sachs....
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News
PGGM boosts venture allocation to 7.5%
NETHERLANDS – Zeist based NLG110bn (e50bn) Dutch fund PGGM is to continue increasing its investment allocation to private equity to 7.5% of its portfolio by the end of this year, following stellar performance from the asset class in 2000....
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News
DrKW names new German head of investment banking
GERMANY – Thomas Schwingeler is joining Dresdner Kleinwort Wasserstein’s Frankfurt office in the late summer as managing director of investment banking....
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News
New Star hires Goldsmith for offshore push
Philip Goldsmith has been appointed managing director of London based New Star International Investment Funds, and all other major people moves of the week
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News
Standard Life launches European venture trust
UK – Standard Life Investments has launched its first investment trust, Standard Life European Private Equity Trust, at an anticipated market capitalisation of £160m (e260m)....
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News
NIB launches e500m private equity fund of funds
NETHERLANDS - NIB Capital Private Equity, the Amsterdam based jointly owned venture arm of Dutch superfunds ABP and PGGM, is to launch an e500m private equity fund of funds arrangement in the coming months aimed primarily at pension funds in the Benelux region.....
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News
French manager launches first hedge fund
FRANCE – Paris based Sinopia Asset Management has launched its first alternative investment product – a long/short bond and money market hedge fund named Alternatime, aimed at institutional investors....
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News
2001 HedgeWorld hedge fund guide published
HedgeWorld Information Services has launched the HedgeWorld Annual Compendium 2001 – the reference guide for hedge fund investors, advisers, managers and service providers....
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News
Sweden's AP7 looks at alternatives
SWEDEN - The SEK14bn (e1.55bn) national PPM default fund Sjunde AP-fonden (AP7) is currently considering whether it can invest in alternative asset classes under the country’s PPM legislation, according to Peter Norman, managing director at AP7....
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News
BGI Europe's biggest as passive trend rolls on
EUROPE – Barclays Global Investors (BGI) has retained the top slot as Europe’s largest pensions asset manager, recording annual growth of $8bn in assets from $107bn to just over $115bn, according to consultant William M.Mercer’s figures for 2000-2001....
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News
Swiss hedge fund player targets Scandinavia
Hilton Supra, former marketing director for Europe at Axa Rosenberg Investment Managers, has joined specialist Swiss asset manager EIM Group as senior marketing manager for Scandinavia....
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News
87% rise in UK pensions allocation to venture
UK – Investment by UK pension funds in venture capital rocketed by 87% over the year 2000 to reach a level of £817m, according to the British Venture Capital Association’s (BVCA) annual investment activity report....
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News
SEB name change could herald Swedbank merger
SWEDEN – As a prelude to a possible merger between Swedish banks, Svenska Enskilda Banken (SEB) and FöreningsSparbanken (Swedbank), the former has removed paragraph 12 from its articles of association, which stated that the bank could not change its name – a precursor to any merger deal....
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News
Dutch Origin fund in huge investment restructure
NETHERLANDS – The e400m Utrecht based pension fund of Dutch communications group Origin - the former IT subsidiary of electronics group Phillips - has undergone a mammoth investment restructuring, almost halving its exposure to Phillips owned asset manager Schootse Poort in favour of a range of specialist mandates....
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News
Robeco to launch hedge fund of funds product
NETHERLANDS – Rotterdam based Robeco Alternative Investments is to launch a hedge fund multi-manager structure in September/October this year, to meet institutional and private client demand for guaranteed products linked to hedge funds...
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Features
Have a robust policy
If derivatives are used directly by a pension fund carrying out its own management, the fund should have clear policy guidelines on their use. Similarly, to obtain permission to deal in derivatives for a client, an investment manager should clearly define their policy. This would need to cover such criteria ...
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Features
Not yet ready to go naked
On the face of it, there are few businesses that should be more enthusiastic about derivatives than the asset management industry. Corporate use of derivatives, typically to protect earnings, remains controversial: do shareholders really want to be ‘protected’ from volatile earnings drivers, or is the promise of higher risks and ...
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Features
Structures to tame hedge funds
Pension professionals are expending considerable amounts of energy on alternative investments, and particularly that category labelled ‘hedge funds’, at a time when the traditional asset mixes of equity, bonds and property are failing to deliver the required level of return and are becoming increasingly correlated. However, even if hedge funds ...
