All Alternatives articles – Page 99
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AP3 taps Aberdeen for €221m in real estate
SWEDEN – AP3, the SEK196.1bn (€21.7bn) Swedish buffer fund Tredje AP-fonden, has appointed Aberdeen Property Investors to build a European real estate equity fund portfolio worth SEK2bn (€221m).
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Unilever taps Kottmann for hedge fund advice
UK – Unilever has appointed Kottmann Advisory as external consultant to advise its pension fund on hedge fund-of-fund investments, in a move to launch a pooled investment fund in January.
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Schroders buys German real estate manager
GERMANY - Schroders says it has agreed to buy German real estate asset manager Aareal Asset Management GmbH for an initial £18.8m (€28m) from Aareal Bank.
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Alternatives chief to chair Dexia AM
EUROPE – Dexia has named Naïm Abou-Jaoudé to succeed Hugo Lasat as chairman of the management board of Dexia Asset Management.
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Robeco takes 64% stake of SAM Group
EUROPE – Robeco has taken a 64% stake in Swiss-based SRI firm Sustainable Asset Management for an undisclosed sum.
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Suffolk in search for currency overlay manager
UK – The £1.2bn (€1.8bn) Suffolk County Council Pension Fund is looking to award a £403m currency overlay mandate for its overseas currency exposure.
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MEPs’ fund goes into real estate
EUROPE – The €190m (£127.85m) Members of European Parliament Pension Fund is moving away from bonds in favour of euro-zone property to increase the diversification within its portfolio.
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German accountants’ fund to go into alternatives
GERMANY – WPV, an €850m pension fund for chartered accountants, will make inaugural investments in alternative asset classes from 2007, targeting a quota of up to 5%, according to managing director Hans-Wilhelm Korfmacher.
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Dutch painters tap CS for private equity
NETHERLANDS – The Dutch painters industry pension fund has appointed Credit Suisse Benelux with a €45m private equity mandate, the bank announced today.
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Northamptonshire in £50m hedge fund move
UK – The £1.1bn (€1.6bn) Northamptonshire County Council pension fund is looking for hedge fund managers to invest approximately 4.5% of its portfolio.
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Pension funds taking on too much risk, says ECB
EUROPE - The European Central Bank has warned that underfunded pension obligations may be leading investors into taking on too much risk – especially in emerging markets and high-yield bonds.
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ABP, SSGA expand alliance with $1.1bn
GLOBAL – Stichting Pensioenfonds ABP and State Street Global Advisors have expanded their State Street Global Alliance partnership with an extra $1.1bn (€830m).
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ABP scales down stake in real estate group
NETHERLANDS - The €201bn civil service pension fund ABP has decreased its majority stake in real estate group Vesteda to 46.7%, Vesteda said.
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PGGM in loan portfolio deal with ABN Amro
NETHERLANDS – The €80bn Dutch healthcare and social work pension fund PGGM has entered a partnership with ABN AMRO in which both share the risk related to the bank’s loan portfolio.
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Robeco names fund-of-hedge funds CEO
GLOBAL – Robeco, the asset management arm of Rabobank, has named Michael Abbott as chief executive of its fund of hedge funds group Robeco-Sage Capital.
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Nestlé launches pension advisory group
EUROPE – Nestlé, the Swiss food group, has confirmed the January 1 launch of a new pension advisory unit and a new asset management unit to serve its pension schemes worldwide.
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UK government rejects longevity bonds
UK – The UK government has rejected the Pensions Commission’s suggestion that it should issue so-called “longevity bonds” to deal with future mortality rates.
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Dutch institutions’ raw materials appetite grows
EUROPE – Dutch institutional investors such as pension funds have a growing appetite for raw materials, so far they have invested already around €20bn (£13.5bn) in the asset class reports show.
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Deutsche’s DWS rolls out sixth hedge fund
GERMANY – Deutsche Bank’s retail fund arm DWS is rolling out its sixth single hedge fund domiciled in Germany amid signs of growing investor demand for the products, according to DWS chief executive Klaus Kaldemorgen.
