All Alternatives articles – Page 73
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News
Rapporteur swamped by over 1000 AIFM amendments
[16:10 CET 26-01] EUROPE – Jean-Paul Gauzès, rapporteur for the European Parliament’s Committee on Economic and Monetary Affairs, has received over 1000 proposed amendments from MEPs while recommendations from other sources suggest the entire Directive should be widened to cover all alternative investment funds.
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News
LPFA assesses need for second currency mandate
[16:45 CET 22-01] UK – The £3.5bn (€4bn) London Pensions Fund Authority (LPFA) has held off from funding a second active currency mandate as officials are debating whether it would be preferable to invest in a broader mandate.
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News
CFTC proposals will affect 'few, if any commodity investors
[15:00 CET 15-01] GLOBAL - Proposals unveiled yesterday by the Commodity Futures Trading Commission in Washington, DC for position limits in energy market derivatives fall far short of the Draconian measures feared by traders.
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News
Alternatives Directive predicted to raise Dutch pension costs by 6%
[16:40 CET 14-01] NETHERLANDS - Current European Commission proposals to introduce a directive governing alternative investments managers would increase pension costs by 6%, as it would limit investment options and the spreading of risk, a large sector of the Dutch pensions market has claimed.
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News
UK roundup: PPF targets secondary private equity
[15:45 CET 05-01] UK - The Pension Protection Fund (PPF) is seeking investment managers to take advantage of opportunities in the secondary private equity market. It is also re-tendering its global custody contract while the London Borough of Tower Hamlets is seeking a multi-asset passive investment manager.
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NewsDanish schemes invest €100m in renewable energy
[16:45 CET 23-12] DENMARK - Three Danish pension funds, PensionDanmark, PBU and AP Pension have joined forces to invest DKK750m (€101m) in renewable energy projects, including a group of Spanish solar-cell parks which benefit from a 30-year state-backed price guarantee for the energy they produce.
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News
Not a good time for interest rate matching - IPE survey
[15:00 CET 23-12] EUROPE - Now is not a good time to use assets to match interest rate risk in a liability-driven investments (LDI) strategy. Bond yields are too low and assets are better employed seeking yield elsewhere, according to 61.5% of pension funds responding to an IPE survey.
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News
UK roundup: Tyne & Wear, Shropshire, Kent, Xafinity, FSA, PMI
[16:30 CET 17-12] UK – Several UK local authorities have reviewed their investment and administration mandates while there have been developments elsewhere in relation to UK pensions regulation.
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News
iShares refutes Watson Wyatt caution over ETFs (amended)
[16:35 CET 09-12] GLOBAL – Global ETF provider iShares has hit back at claims by consultancy firm Watson Wyatt suggesting ETFs are in most cases an unattractive investment for most institutional investors, and argued the pricing of products is in many cases equal to that of passive index investments.
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News
Investors uncertain about private equity future
[15:30 CET 07-12] The latest quarterly Global Private Equity Barometer from Coller Capital suggests European institutional investors have mixed feelings about the asset class. Half said they have an unfavourable view of private equity and few expect the bumper bull market returns to come back, but a big majority say ...
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Features
Private equity and the ‘new normal’
Swings between deflationary and inflationary economic cycles will play havoc with private equity investments, says Nicholas Doimi de Frankopan, but also separate the men from the boys
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News
Gauzès proposes 138 changes to AIFM Directive (additional comment)
[16:55 CET 27-11] EUROPE - Jean-Paul Gauzès, rapporteur for the European Parliament’s Committee on Economic and Monetary Affairs has proposed 138 changes to the European Commission’s Directive on Alternative Investment Fund Managers (AIFM), in a draft report published yesterday.
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News
Personal accounts get support for alternative assets
[16:25 CET 25-11] UK – The Personal Accounts Delivery Authority (PADA) has revealed that around 80% of pensions social partners support the use of alternative assets in the investment strategy of personal accounts, with property and commodities considered the most appropriate diversifiers.
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News
Aberdeen to take on Bramdean alternatives (amended)
[13:30 CET 25-11] UK – The Hampshire local authority pension fund will see some of its alternative investment mandates managed by Aberdeen Asset Management in the near future, as former supplier Bramdean Alternatives has signed a deal to hand over control.
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News
AIFM needs 'lots of changes' – EU's Bowles
[14:00 CET 19-11] EUROPE – Sharon Bowles, Chair of the Committee on Economic and Monetary Affairs at the European Parliament, said the Alternative Investment Fund Managers (AIFM) directive needs “a lot of changes” as she fears it could make pensions unaffordable in its current form.
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News
Man Group sees managed account business surge
[16:55 CET 06-11] GLOBAL - Pension funds and other institutional investors are behind a surge in managed account demand at Man Group’s newly-created multi-manager business.
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News
Lambeth tenders bulk of pension in strategy overhaul
[16:45 CET 06-11] UK – The London Borough of Lambeth is tendering seven investment mandates for its £700m (€781m) pension fund as it has overhauled its strategy to include new investment classes such as fund of hedge funds and active currency.
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Asset Class ReportsPrivate equity fundraising falls in 2009
[13:30 CET 05-11] GLOBAL - Private equity funds have raised only $150bn (€101bn) in the primary business market so far this year as the financial crisis has made investors more cautious, according to private equity placement agent Triago.
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News
UK pension funds step up inflation hedge
[16:20 CET 03-11] UK – Pension funds hedged approximately £11.4bn (€12.68bn) in inflation liabilities in the third quarter of this year – a move which suggests attention is now turning inflation rather than interest rate risk, according to data presented by F&C’s latest liability-driven investments survey.
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News
EC regs could increase derivative trading costs - APG
EUROPE - Dutch asset management firm APG Asset Management has raised concerns about European Commission proposals to regulate derivatives, and warned additional costs could be added to trading if activity is required to go through exchanges or central clearing houses.
