Hedge Funds
In-depth reporting on Hedge Fund investing for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsFinland’s big three pension funds uneasy about outlook, after H1 5% returns
‘The end of the year already looks considerably more restless,’ says Keva CEO Jaakko Kiander
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InterviewsFinland’s Elo doubles down on sustainability
Jonna Ryhänen, CIO of Finland’s €31bn Elo, tells Pirkko Juntunen about strategic asset allocation, investing for change and in-house expertise
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NewsFinland’s Elo cites hedge funds, listed equities as Q1 drivers
Pensions insurer makes 6.5% return on hedge funds as weighting increases in portfolio
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FeaturesInvestors are paying for hedge funds' reluctance to use hurdle rates
Although two years have now passed since the US Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ – a minimum rate of return before performance fees kick in – has not changed. Only a quarter of hedge funds, by our count, have such a threshold in place and the practice does not yet show signs of becoming more widespread, even though the risk-free rate has now exceeded 4% for well over a year.
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Opinion PiecesUnder the spotlight: US pension plans and their use of leverage
Does US public pension funds’ use of borrowed money and derivatives pose systemic risks to global financial markets? That is the concern of global regulators, which have recently stepped up scrutiny of the practice, according to a recent article in the Financial Times (FT). But senior executives interviewed by IPE seem less worried.
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NewsSBAI agrees emissions risk, impact reporting principles for derivatives, shorts
Alternatives body proposes ‘endorsed emissions’ metric to account for impact sought through divestment or portfolio tilting
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FeaturesRegulators set sight on private market fund valuations
The current waves of rising inflation and interest rates, economic uncertainty and market volatility may eventually be remembered as just a temporary setback for managers of unlisted assets. But the regulatory initiatives announced in recent months, following pressure from investors and the public, could bring about deeper changes to the buoyant private markets industry.
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Opinion PiecesSEC cracks down on private equity and hedge funds
Pension funds, university endowments, insurance funds, and other institutional investors have long called for more transparency about their investments in private equity and hedge funds.
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InterviewsOn the record: A new role for alternative investments for Veritas
The degree of diversification that alternative portfolios typically provide can be less than many institutions think. Veritas has reorganised its alternatives portfolio to deliver better diversification
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NewsVER to increase private asset weighting as new rules give scope
Finnish buffer fund behind central government pensions aims to broaden private assets allocation by three points
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To rebalance or not? Dutch pension funds face dilemma as illiquids exceed limits
Bpf Bouw will sell close to €3bn in hedge fund investments and is also reconsidering its private equity and real estate holdings
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Poll shows 10 percentage-point rise in ESG use by alternatives investors over 3 years
Two thirds of European investors in private equity, infrastructure, now have climate policies compared to less that a quarter of their US peers, new survey shows
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InterviewsOn the record: Emerging markets
Despite the current volatility and geopolitical tensions, European pension funds continue to actively seek returns from emerging market investments.
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Country ReportInvestment strategy: Asset allocation at a time of uncertainty
Senior investment figures give their views on asset allocation
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Asset Class ReportsPortfolio Strategy - Hedge Funds: Juggling the ESG imperative
ESG has the power to transform, but do hedge funds have the drive, data and determination to fit sustainability into their investment process?
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Asset Class ReportsPortfolio strategy – Hedge funds: macro bets on
Global macro funds should do better in the current market environment – but not all will thrive and investor due diligence will be key
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InterviewsOn the record: Hedging all bets
We asked three European pension funds about their hedge fund portfolios, as the volatile market environment provides opportunities for absolute-return managers
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European alternatives set fundraising record year
Europe now accounts for 24% of the global alternative assets industry
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Cerulli calls on hedge funds to partner with European investors
‘Providing additional services will be challenging for smaller managers’
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Opinion PiecesLetter from US: The rise of the new alternatives
Pension funds and other institutional investors used to invest in hedge funds aspiring to outperform public stock and bond benchmarks. Now, after years of disappointing performances, they have changed their attitude. They still invest in hedge funds, but the new expectation is simply to get a few percentage points above the return on zero risk investments.
