All IPE articles in September 2003 (Magazine) – Page 5
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Features
The benefit of the relative value strategy
Besides being an asset class in their own right, hedge funds can also be considered and used as a diversification tool within a specific traditional asset class. To incorporate hedge funds as a separate asset class into a global diversified portfolio, it is recommended to select the appropriate number of ...
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Features
Slow progress awaits reforms
Since the law regarding the creation of new pension funds in Italy came into force in 1993 the market has been developing slowly. A significant number of new pension funds are now fully operational but assets and subscribers are still low. However, 2002 was a good year for the consolidation ...
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Features
Art for investment's sake
Any dealer will give prospective investors the same advice – spend as much as you can afford, buy the very best work available and be prepared to hold on to it for 10 years. This mantra is central to the ethos of Philip Hoffman’s new Fine Art Fund. Hoffman, a ...
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Features
How much should be allocated to alternatives?
A new study carried out by Dexia Asset Management shows the benefits of allocating 15% to 20% of a portfolio to alternative funds. Finding a good balance between risk and return is the first aim of any investment strategy. Modern portfolio management theory suggests diversification, so as to cope with ...
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Features
Nestle stays ahead of the pack
The €4bn Nestlé pension fund in Switzerland has perhaps gone farthest down the road of any European pension fund in embracing alternative investment in the pursuit of absolute returns. Its current exposure of 15% of assets to hedge funds is probably the largest of any pension fund in the world. ...
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Features
Higher on agenda
It’s been a difficult year for the UK pensions industry. Continued adverse market conditions, a flurry of new government legislation, increasing scheme maturity and pension fund deficit stories hitting the front pages of the national press have left the UK to think long and hard about how it should be ...