All Alternatives articles – Page 75
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News
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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News
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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News
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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News
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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News
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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News
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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News
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.
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News
Firm claims ability to certify hedge fund 'low fraud' risk
[16:30 CEST 05-06] GLOBAL – A company has launched what it claims is the first certification system, in the wake of the Madoff scandal, to demonstrate there is a low fraud risk attached to hedge funds and other investment managers.
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News
Longevity swaps – buy now while stocks last?
[17:00 CEST 04-06] UK - DB pension schemes planning to offload longevity risk by purchasing swaps should strongly consider buying them now, according to Mercer.
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Features
Keep it simple
Private equity funds of funds are increasingly under fire. Not only do they reduce returns, but they do not minimise risks. Cyril Demaria questions the use of these costly intermediaries
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News
AIMA rallies against EC alternatives directive
[16:30 CEST 28-05] GLOBAL - The Alternative Investment Management Association (AIMA), which represents the global hedge fund industry, is planning to lead members in opposition to certain provisions in the European Commission's draft directive for alternative investment fund managers.
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News
BNP Paribas takes over ETFs joint venture
[16:00 CEST 28-05] GLOBAL - AXA Investment Managers has transferred the operational management of the remaining 22 ETFs in the EasyETF range to BNP Paribas Asset Management.
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News
'Duty to report' replaces ban on short-selling
[15:15 CEST 28-05] NETHERLANDS - The ban on short-selling of Dutch equities will be replaced by a temporary but mandatory registration of short positions in Dutch financial institutions.
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NewsEU hedge fund 'passports' will take five years to deliver benefits
[14:00 CEST 26-05] EUROPE - Most hedge fund and private equity managers are unlikely to benefit from the passport provisions of the European Commission’s Draft Directive on Alternative Investment Fund Managers (AIFM) before 2014, even though they will have to meet its requirements as soon as it becomes law.
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NewsUK buyout market halved in Q1
[17:00 CEST 20-05] UK – The UK defined benefit (DB) buyout market reduced by 50% in the first quarter of 2009, as the total value of agreed transactions totalled less than £900m (€1.02bn).
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News
Overlay touted as swaps alternative
[16:00 CEST 19-05] EUROPE – Pimco, the asset manager, has suggested pension funds who were considering applying an interest rate swap to their portfolios should instead look to a gilts overlay or equity futures to gain better returns.
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News
Increased interest hedge cushions TNT’s loss
[15:15 CEST 19-05] NETHERLANDS - The €3.8bn pension fund of postal company TNT saw its losses considerably limited last year, officials claim, as the interest hedge on liabilities was increased from 53% to 75%.
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News
Pension funds act on negative swap spread
[13:00 CEST 14-05] GLOBAL - Pension funds have been lining up to take profits from the interest-rate swaps they have put in place for liability-driven investing (LDI), according to their fixed income managers and advisers.
