All Alternatives articles – Page 113
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News
Switzerland’s APK outlines switch to DC
SWITZERLAND – Aargauische Pensionskasse (APK), a CHF4.9bn (€3.1bn) pension fund for Swiss civil servants, plans to fully fund its liabilities by January 1 2008 following several reforms – notably a switch to defined contribution from defined benefit.
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Pension funds buy into Clariant bond issue
SWITZERLAND – A significant amount of pension fund money went into Swiss chemical firm Clariant’s new UK-listed seven-year €600m Eurobond.
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News
Pensions conference glut claims first victim
EUROPE – An unusual convergence of pensions and investment industry conferences on Tuesday April 25 has claimed its first victim: Credit Suisse.
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News
ABP setting 2007 investment plan
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is currently in the process of establishing its new strategic investment plan to run from 2007 to 2009.
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Cambridge hires ex-State Streeter for hedge funds
US – Consulting firm Cambridge Associates has former State Street’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group.
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New pension risk blog set up
GLOBAL – A new online blog aimed at pension financial risk and fiduciary implications has been launched.
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Merrill Lynch changes staff retirement terms
GLOBAL – Merrill Lynch employees will have to work longer and retire later if they want to cash out their company shares.
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Special Report
SRI now in the mainstream?
While European institutional investors have incorporated environmental, social, and governance (ESG) considerations into their investment decision-making methodologies, the big American investors, for the most part, are lagging behind. Will they catch up – and are they even interested? On the surface the figures are buoyant. In the Social Investment Forum’s ...
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Special Report
How to value the future
In this comment, we report the results of research on pension fund trustee decision-making relevant to socially responsible investment (SRI). Based upon a sample of over 150 UK trustees, it is shown that a majority of trustees believe there are significant barriers to the implementation of SRI. At the same ...
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Features
Dipping a toe in the water
Investing in alternative assets by French pension funds is still not common. “This is generally due to a poor understanding of alternative betas and especially the restrictive regulations,” says Noel Amenc, professor of finance and director of the Edhec Risk and Asset Management Research Centre. Other observers point to the ...
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Features
Going in alternatives direction
IPE asked three pension funds – in the UK, Belgium and Finland – the same question: ‘Do alternative asset classes serve a useful purpose or are they too complex and too expensive?’ Here are their answers: Richard Stroud, chief executive at The Pensions Trust, which has AUM of £3.3bn ...
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Features
Who's afraid of the D-word?
Derivatives - the portmanteau word for futures, options and swaps - send shivers down the spines of the boards of many pension funds, who see them as too complicated, too expensive and too risky. Yet derivatives offer a way out of the difficulties that pension funds face in the current ...
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News
UN scheme looks to hire chief risk officer
GLOBAL – The in-house investment management firm of the $32bn (€26.5bn) United Nations Joint Staff Pension Fund (UNJSPF) is looking to appoint a chief risk officer, and a senior investment officer to its alternative investment portfolio.
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News
IPe-symposium: Industriens eyes EM private equity
DENMARK – Industriens Pension, €5bn Danish scheme, says it might look at entering the emerging market private equity arena.
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News
Bank of NY launches Poland fund firm
POLAND – The Bank of New York has launched an investment fund company in Poland to tap pension fund demand.
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News
IPe-symposium: APK to up emerging markets
AUSTRIA – APK, the Austrian multi-employer pension fund, is looking to increase its allocation to emerging market equities and bonds “step by step”.
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News
Allianz's Corley to chair asset management forum
EUROPE - Elizabeth Corley, chief executive of Allianz Global Investors Europe, has been appointed chairman of the Forum of European Asset Managers, FEAM.
