All Alternatives articles – Page 71
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NewsFunds should be more open about investment beliefs
GLOBAL – Preliminary studies suggest pension funds that are public about their investment beliefs outperform their peers, but the vast majority make no such disclosures.
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NewsAlpInvest in talks to buy RBS private equity
EUROPE – AlpInvest Partners, the private equity manager owned by Dutch pension fund investors APG and PGGM Investments, is understood to be in talks to acquire a €400m private equity portfolio from the Royal Bank of Scotland (RBS).
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Provisum cancels underperforming 'black box' strategy
NETHERLANDS – Provisum, the €1bn Dutch pension fund of retailer C&A, has terminated its global tactical asset allocation (GTAA) due to poor performance and lack of transparency.
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Deutsche Post employs niche active managers for Pensionfonds
GERMANY – Deutsche Post’s recently established Pensionsfonds has employed active managers for its small-cap equities and commodities investments, but has so far shied away from alternative investments, according to group pensions director Benedikt Köster.
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EU ministers back AIFM after ECON revises rules (amended)
EUROPE – European Union finance ministers have backed proposals to regulate hedge funds and private equity funds just hours after the European Parliament's Economic and Monetary Affairs Committee (ECON) adopted a revised position on the Alternative Investment Fund Managers (AIFM) Directive on Monday.
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Barnier calls for 'dynamic compromise' but sticks to script ahead of AIFM vote
EUROPE – EU commissioner Michel Barnier has said he is hopeful that the Alternative Investment Fund Managers (AIFM) Directive will remain "as close as possible" to its original proposals ahead of this evening's vote by the European Parliament's Economic and Monetary Affairs Committee (ECON).
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NewsMan Group enters long-only market with GLG acquisition
UK – Hedge fund manager Man Group has acquired GLG Partners in a transaction valued at $1.6bn (€1.3bn) that will give Man Group its first access to the long-only market.
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Highland Council to move 5% into private equity
UK - The £627m (€730.6m) Highland County Council pension fund will make its first foray into private equity investment with a 5% allocation to the alternative asset class.
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Investors see opportunities in secondary private equity
GLOBAL – Most institutional investors intend to either maintain or increase their allocation to private equity in 2010, according to research by SL Capital Partners.
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NewsEU Parliament postpones AIFM vote
EUROPE – The Economic and Monetary Affairs Committee (ECON) has agreed to postpone a vote on the Alternative Investment Fund Managers (AIFM) Directive for one week to allow time to consider legal opinions.
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Towers Watson encourages diversification into reinsurance
GLOBAL – Institutional investors need to further diversify their assets into areas such as reinsurance strategies by using catastrophe bonds and other insurance linked securities, according to Towers Watson.
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JURI votes unanimously in favour of AIFM amendments
EUROPE – The European Parliament’s Legal Affairs Committee, otherwise known as JURI, has voted unanimously in favour of proposed amendments to the EU’s controversial Alternative Investment Fund Managers (AIFM) Directive.
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Barclays targets EU investors with volatility ETNs
EUROPE – Pension funds and other institutional investors are being targeted by Barclays Bank, with the European launch of 12 exchange traded notes (ETNs) including three based on volatility, of which one specifically uses a European index that could be useful in relation to Solvency II.
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JURI to vote on AIFM amendments
EUROPE - Further changes to the EU’s Alternative Investment Fund Managers (AIFM) Directive are today being aired in Brussels by the Legal Affairs Committee in the European Parliament.
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UK roundup: Lincolnshire, Essex
UK – Lincolnshire County Council has instigated a major shift in the asset allocation of its pension fund as the planning to invest between 10-15% of its assets in a single portfolio of alternatives while Essex is looking to invest in infrastructure.
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Survey reveals better alignment in emerging market private equity [AMENDED]
GLOBAL - A large majority of private equity limited partners (LPs) feel that their general partners (GPs) for emerging market funds are at least as well-aligned with them as their GPs for developed market funds, according to the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey.
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USS assigns managed account ahead of new strategy focus
UK – The £29bn (€32.9bn) Universities Superannuation Scheme (USS) has awarded a hedge fund-related $1bn (€740m) advisory managed account (MAC) mandate to Man Group.
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Hermes GPE private equity arm eyes mid-size pensions
UK – Hermes Fund Managers Limited and Gartmore Investment Management Limited have combined their private equity fund of fund businesses into a new company Hermes GPE LLP, which will have strong focus on responsible investing.
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European pension funds continue to shun equities
EUROPE - Pension funds across Europe are continuing to shy away from equity investments despite last year’s recovery of the global equity market.
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ABP spurs micro credit interest with Grassroots investment
NETHERLANDS - ABP, the giant industry pension fund for Dutch civil servants, has raised its interest again in microfinance initiatives and invested $30m in a global private equity microfinance fund from Grassroots Capital.
