All Alternatives articles – Page 76
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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.
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News
Swaps should be favoured over gilts – F&C
[16:55 CEST 08-05] UK – Pensions funds are being warned to tread carefully at present when deciding whether to hedge their liabilities against UK gilts, as the huge level of government borrowing is likely to mean yields will need to rise in the short-term to attract borrowers.
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News
Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
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News
Pension funds turn to specialists and alternatives
[14:30 CEST 23-04] EUROPE – Pension funds are increasingly moving into alternatives but the next growth area could be in the expansion of specialist fixed income mandates and single strategy hedge funds, according to Mercer’s review of pension fund asset allocation.
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News
ABP is alive with the Sound of Musicals
[16:00 CEST 21-04] NETHERLANDS - Imagem Music Group, the music publishing investment fund of ABP, has extended its back catalogue and acquired the rights to the songs and musicals written by Rodgers & Hammerstein, including Oklahoma, South Pacific and The Sound of Music.
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News
EC to regulate alternatives managers worth over €250m
[14:00 CEST 21-04] EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.
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News
PMA recovery to alter asset allocation
[16:40 CEST 20-04] NETHERLANDS - The €889m pension fund for pharmacies’ staff PMA expects to recover from its reserve shortfall within 15 years by adjusting its yearly indexation and changing its asset allocation strategy.
