All Alternatives articles – Page 189
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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
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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News
PGGM leading strategist retires
NETHERLANDS – Marinus Keijzer, an adviser to the director of investments at Zeist based NLG110bn (e50bn) Dutch superfund PGGM is to take early retirement from the scheme....
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UK pension fund pursues private equity strategy
UK – The London Borough of Newham is looking to appoint a private equity manager to invest between £5-15m (e8-24m) in a private equity fund of funds mandate....
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Indocam buys alternative investment outfit
FRANCE/US – Indocam, the asset management arm of France’s Crédit Agricole group, has entered into an agreement to buy Alternative Investment Partners (AIP), the Franco-American alternative investment management specialist, for an undisclosed sum....
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Hedge fund adviser appoints European head
UK/EUROPE – Melissa Miller has been appointed as head of European client relations at alternative investment adviser Tremont TASS Europe….
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Hedge funds make five star offshore fund rating
UK – Only two offshore funds have received a five-star rating from independent investment consultant Global Fund Analysis (GFA), with many funds plummeting down the ratings as a result of the technology stock blow-out....
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Sweden's AP7 hires Goldman Sachs and Carlson
SWEDEN – The SEK14bn national PPM default fund Sjunde AP-fonden (AP7) has finalised its external investment manager line-up by appointing Goldman Sachs Asset Management to an e100m active European equity mandate and Carlson Investment Management to a SEK800m (e88.7m) active Swedish equity brief....
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Eureko gets Polish pensions green light
POLAND – The Polish treasury has finally settled its lengthy dispute with pan-European financial group Eureko by giving it the go-ahead to purchase a further 21% stake in the privatised Polish insurance group PZU, which covers 60% of the domestic market….
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Private equity weathers market squall
UK – Private equity investment appears to be weathering the stormy markets with the management buy-out sector recording its third highest quarterly level, according to figures from KPMG Corporate Finance....
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Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
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Zurich Scudder appoints new European strategy head
Colin Robertson has been appointed as European head of global strategy at Zurich Scudder Investments...
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Former Goldman's chief joins mPower Europe
UK/EUROPE – Charlie Metcalfe, the former head of Goldman Sachs Asset Management’s UK and Northern European business, has joined mPower Europe, the electronic investment services advisor, as managing director in the UK...
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SEI gets £50m Man B&W Diesel injection
UK – Manager of managers firm SEI Investments has picked up its third UK mandate win with an appointment from the pension fund of MAN B&W Diesel to manage a potentially £50m (e81m) plus multi-manager portfolio....
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News
BNP Paribas buys currency overlay specialist
FRANCE – BNP Paribas Asset Management (BNP PAM) has taken a majority stake in Overlay Asset Management (OAM), the Paris based Franco-Swiss currency overlay specialists, as part of the development of its alternative investments business...
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News
ING appoints Goldberg to supervisory board
NETHERLANDS – Dutch financial services group ING is set to appoint prominent US life insurance figure, Luella Gross Goldberg, as a member of its supervisory board...
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Features
Success built on security
As European fund managers look to the US for investment opportunities, they would be wise to consider the continued success of the US futures markets. Certainly the liquidity, depth and transparency of the markets have all contributed to their strength and longevity. But an equally important factor is the integrity ...
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Features
A seismic shift in FX trading
Foreign exchange markets, like many others, are undergoing a profound change. We believe the impact of the internet and its associated technology is causing a seismic shift that will transform the way currencies are transacted. It will also change the relationship between clients and banks. Banks that can fully utilise ...
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News
Nasdaq to create European central counter-party
EUROPE – As part of its majority stake acquisition in Easdaq – the Brussels based pan-European stock exchange, US exchange Nasdaq says it is planning to establish a user-controlled European central counter-party (CCP), shaking up talks of a single continent wide system...
