All Alternatives articles – Page 85
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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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FeaturesSwitching styles
If large cap growth continues to outperform small cap and value, how will institutions find the right growth managers? Joseph Mariathasan reports
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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.
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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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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
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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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
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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News
ASIP finds median performance at 1.8%
[12:15 CET 26-02] SWITZERLAND – The Swiss pension fund association ASIP calculated a median performance of 1.8% with emerging markets equity and real estate contributing most positively.
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News
From Britney to Boyzone: ABP forays into music
[15:30 CET 21-02] NETHERLANDS – The €217bn Dutch pension fund ABP has bought €140m worth of European publishing rights from Universal Music Group containing 'evergreen' songs such as Lady in Red and I Believe I Can Fly.
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News
Pension funds cautious about GTAA
[15:45 CET 18-02] GLOBAL – Adding a global tactical asset allocation (GTAA) mandate to a portfolio is still a question of money, belief and regulation, according to pension funds.
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NewsLPFA considers 'market-neutral' pensions strategy
[13:30 CET 15-02] UK – London Pension Funds Authority officers are hoping to shift the strategy of its pension assets to a more market-neutral position, and may opt for a larger allocation to infrastructure.
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NewsABP increases microfinance lead
[11:00 CET 15-02] NETHERLANDS – ABP, the €216bn civil service pension fund has increased its lead in the asset class segment with an additional $25m (€17m) investment in the microfinance private equity fund Catalyst Microfinance Investors (CMI).
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News
German funds need incentives for private equity – minister
[15:00 CET 13-02] GERMANY – The reluctance of large domestic investors to go into private equity and venture capital is discouraging foreign investors from investing in German start-ups, according to a study commissioned by the German federal economy ministry.
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News
Physios to double hedge fund exposure
[16:00 CET 11-02] NETHERLANDS – The €1.8bn occupational pension funds for physiotherapists, SPF, is looking to nearly double its investments in hedge fund investments to 15%, IPE has learnt.
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News
Hansa sets up own private equity vehicle
ESTONIA – Hansa Investment Funds, the asset manager that also runs Estonia’s largest private pension fund, is looking to create a special vehicle of “Eastern European-orientated” private equity fund of funds.
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News
PGGM signs second loan deal with ABN Amro
[13:45 CET 04-02] NETHERLANDS – Pension major PGGM has closed a securitisation deal referencing Brazilian loans worth $850m (€585m) of the loan portfolio of Dutch bank ABN Amro.
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Special Report
UniSuper develops new risk budgeting
Richard Newell talks to David St John, chief investment officer of UniSuper, about hedge fund transparency and the fund's plan for a new SRI option
