All Alternatives articles – Page 85
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News
Private equity 'disaster in the making'
[15:00 CEST 11-04] GLOBAL – Baring Asset Management, has warned the private equity and leveraged buyout (LBO) market will collapse in the next 12 to 18 months.
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NewsATP to push private equity fees
[13:00 CEST 10-04] EUROPE - Private equity fees have risen to unreasonable levels, according to ATP, Denmark’s giant labour market supplementary fund, but the fund sees scope for negotiating them down in the future.
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News
Europe champions governance, risk and LDI – Mercer
[16:30 CEST 07-04] EUROPE – Better governance and risk management, along with increased allocations to alternatives and liability-driven investment strategies are the main agenda points in 2008 for European pension funds, consultancy firm Mercer has found.
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FeaturesWhat to do when the wolf is at the door
Next to banks, pension funds are the second largest investor in European private equity. As investors they may be involved, as limited partners, in the leveraged buyouts of companies and their pension schemes - a subject of considerable controversy recently. Pension fund boards therefore face a dilemma: private equity can ...
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News
BLPK at top end of Swiss performers
[16:30 CET 26-03] SWITZERLAND – The CHF5.2bn (€3.3bn) Basellandschaftliche Pensionskasse generated a 4%return on investments in 2007.
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News
Dorset splits £35m active currency mandate
[14:00 CET 14-03] UK – Dorset County Council Pension fund has appointed two active currency managers to run mandates valued at £35m (€46m).
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News
LPFA appoints JPMorgan to administer alternative assets
[16:45 CET 13-03] UK – The £3.7bn (€4.8bn) London Pension Fund Authority (LPFA) has appointed JPMorgan to provide portfolio administration and performance reporting for their alternative investment portfolio.
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News
Size and diligence slow ATP's private equity shift
[15:55 CET 12-03] DENMARK – The ATP pension fund has only invested around half of the amount in private equity it originally intended seven years ago, largely because of the unexpectedly high volume of due diligence work it has had to do.
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News
Alternatives transparency and risk "more important" - PwC
[17:00 CET 11-03] GLOBAL – Institutional investors place more focus on transparency and risk management than the actual performance of a fund when reviewing alternative investment managers, PricewaterhouseCoopers has revealed.
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News
ETFs can be cheaper than niche indices – dbx
[16:50 CET 11-03] EUROPE – Pension funds should not consider exchange-traded funds (ETFs) to be expensive compared with index-tracking because access to exposure to emerging markets investments, in particular, can be cheaper than dealing direct, according to DB X-Trackers.
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FeaturesFI and multi-strategy lose out
Funds of Funds, like hedge funds, got off to a rough start to 2008, and the Eurekahedge Fund of Funds index had its worst month since inception, losing 2.9 %.
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Features
CTAs are sole performer
January was characterised by a strong decline in stock markets, with an S&P500 return of -6.12%. This index, which fell for the third month in a row, finished the month at its level of October 2006.
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FeaturesWhy hedge funds mismanage alpha risk
The greatest source of market-driven hedge fund blow-ups is alpha, or manager skill risk. Leslie Rahl, Richard Horwitz and Erin Simpson of Capital Market Risk Advisors suggest this is due to an inadequate management of alpha risk
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News
Henderson moves into trouble-shooting
[13:00 CET 06-03] UK – Henderson Global Investors has announced the launch of a Pan-European 'active engagement' fund, to invest in what it describes as the recovery of wilting companies.
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Features
Looking for alternative advice
Pension funds and other institutional investors usually go to established consultants for advice about traditional investments. But where do they go for advice about alternative investments, and in particular, hedge funds? David White reports
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Features
Asset allocation
Equities Investors are more bullish on US and UK equity markets and more bearish on Japan, Asia, and euro-zone equities. Asia experienced the biggest decline in sentiment; with the number of investors predicting a rise in Asian equities falling 10%. Asia had been the one bright spot in terms ...
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Features
Volatility causes flight to non-correlated assets
Recent volatility has caused a flight to non-correlated assets, according to exchange-traded commodity (ETC) provider ETF Securities (ETFS). ETFS said it continued to see sharp growth in ETCs, with its total assets under management growing 32% in January to over $3.3bn (€2.3bn). This demand is a result of investors wanting ...
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FeaturesStrategically speaking: Finles Capital Management
Finles Capital Management, a Dutch investment management boutique based in Utrecht, is unusual for at least two reasons.
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Features
Headaches continue
Yield curve/duration While the US Federal Reserve has already begun to chop rates down - a remarkable 125 bps in the space of eight days - the European Central Bank (ECB) has maintained its hawkish tone and has kept its hand off the easing button. The futures markets are, however, ...
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FeaturesETF trading volumes soar on market turbulence
Trading volumes of exchange-traded funds (ETF) soared to three times their normal level during the late January credit crunch, according to Barclays Global Investors’ ETF arm iShares.
