All Alternatives articles – Page 75
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NewsUSS prepares to build FoHFs
[17:10 CEST 26-08] UK – The Universities Superannuation Scheme, the UK’s second-largest defined benefit pension plan, has started work on the creation of an in-house fund of hedge funds.
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Partners Group wins Bucks alternatives mandate
[16:30 CEST 06-08] UK – Buckinghamshire County Council has awarded an alternative assets mandate to Partners Group on behalf of its £1bn (€1.17bn) local government pension scheme.
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Railpen expands its long-short strategy
[16:00 CEST 06-08] UK - Railpen Investments, the in-house investment manager for the £15bn (€17.7bn) industry-wide pension fund for British railway workers, has invested £65m in a fund of long-short equity hedge fund with Goodhart Partners.
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NewsAIFM could cost pension funds €25bn a year
[15:30 CEST 04-08] GLOBAL – The Alternative Investment Fund Managers (AIFM) Directive could cost European pension funds €25bn a year through charges and lower investment returns if is implemented in its current form, the Alternative Investment Management Association has claimed.
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AIFM could bring less fund choice, claims law firm
[17:00 CEST 24-07] EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
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Liechtenstein Sozialfonds to enhance risk taking
[14:20 CEST 21-07] LIECHTENSTEIN – The largest pensionskasse in the small principality of Liechtenstein, the ‘Sozialfonds’, says it is strong enough to take on longevity and other demographic risks itself.
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Crisis highlights importance of risk premium
[15:30 CEST 14-09] NETHERLANDS - The financial crisis has emphasised the need for investors to become more innovative and creative when seeking risk premium, according to Ronald Wuijster, managing director strategic portfolio management at APG Asset Management.
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NewsReal estate dominates in alternative assets
[17:00 CEST 06-07] GLOBAL – Real estate investments still make up over half of the alternative assets managed by external managers on behalf of pension funds, and despite the economic downturn, suggests a study conducted by Watson Wyatt.
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Directive could increase systemic risk, warns ex-SEC chairman
[17:00 CEST 02-07] GLOBAL - Harvey Pitt, chairman of the SEC from 2001-2003 and during the 9/11 and Enron years, has warned that the European Commission’s draft directive on alternative investment fund managers could end up exacerbating the systemic risks it is supposed to regulate if it leads to hedge ...
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Private equity 'well ahead' of regulatory thinking - State Street
[16:55 CEST 02-07] GLOBAL - Investors remain committed to private equity and are already benefiting from a “fundamental shift” in power away from general partners (GPs), according to State Street.
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USS to invest in evolving hedge funds market
[16:45 CESt 30-06] GLOBAL – The Universities Superannuation Scheme, the UK’s second-largest pension fund, is to begin investing in single strategy hedge funds as officials say they can now get access to the big named brands and corporate governance conditions are improving.
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Germany’s largest pensionskasse returns 4.5%
[16:35 CEST 29-06] GERMANY – The €20.1bn BVV Pensionskasse for banks will grant its members 4.5% interest for 2008 as it achieved a positive portfolio return last year.
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Babcock confirms longevity deal with Credit Suisse
[14:00 CEST 26-06] UK – Babcock International has confirmed trustees of its Davenport Royal Dockyard defined benefit (DB) scheme have signed a longevity swap agreement with Credit Suisse to cap £300m (€328m) of its pensioner-in-payment liabilities.
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USS goes in search of private equity expertise
[15:00 CEST 25-06] UK – USS, the UK’s second-largest defined benefit pension scheme, is expanding its alternative investments team again but is this time turning its attention to private equity.
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Clwyd tenders hedge fund portfolio
[16:45 CEST 24-06] UK – Flintshire County Council is seeking an investment manager to run a specialist £40m (€47m) hedge fund portfolio for the Clwyd Pension Fund.
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FRR lowers equity holding in strategic review
[16:55 CEST 19-06] FRANCE – FRR, the French national pension fund, has completed its strategic asset allocation review and effectively split equities and bonds holdings as well as introduce new standards on the level of returns and volatility set.
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NewsHedge funds 'victims of crisis, not culprits', says Lhabitant
[13:30 CESt 18-06] EUROPE - Hedge funds were the victims of the financial crisis and not the perpetrators, and they remain an appropriate tool for institutional investors, argued Francois-Serge Lhabitant at the 12th Uhlenbruch Annual Portfolio Management Conference in Frankfurt.
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NewsInvestors predict private equity to suffer
[16:30 CEST 15-06] GLOBAL - The latest Global Private Equity Barometer, a twice-yearly survey of institutional investors in the asset class published by secondaries specialist Coller Capital, paints its gloomiest picture of expectations yet.
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Alternatives as much to blame as banks - Swiss funds
[16:25 CEST 08-06] SWITZERLAND – Swiss pensionskassen believe the main causes of the financial crisis were a lack of appropriate regulation as well as excessive risks taken by the financial sector, among banks as well as managers of alternative asset classes such as private equity and hedge funds.
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Pension assets may be used to back local gov’t fund
[16:55 CEST 05-06] UK - A mutual fund backed by UK local authority pension funds could exist in embryonic form by early next year which will invest in public works such as the latter stages of private finance initiatives (PFI) and public-private partnership (PPP) projects.
