All Alternatives articles – Page 116
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News
Schemes warned of hedge fund “herd mentality”
EUROPE – European pension funds have been warned about a possible “herd mentality” developing in hedge funds.
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Investor confidence dips, Merrill says
GLOBAL – Investor confidence in Europe dipped this month revealing a slightly pessimistic outlook for economic growth in the region, according to the latest Merrill Lynch Regional Fund Manager Survey.
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ABP/PGGM’s AlpInvest boosts Eden commitment
UK – AlpInvest, the private equity firm sponsored by the two largest Dutch pension funds ABP and PGGM, has increased its investment in technology start-up fund Eden One.
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GSAM sees consultant-manager line blurred
SWITZERLAND - The line between traditional pension fund consultants and investment managers could become increasingly blurred in the future, the Institutional Fund Management conference has been told.
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MN Services’ treasury head joins Fortis
NETHERLANDS – Dennis van den Bosch, head of treasury at MN Services, is to join Fortis Merchant Banking as director of currency management.
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Staffordshire appoints seven new managers
UK – The £1.8bn (€2.6bn) Staffordshire County Council Pension Fund has appointed six new equity managers and one bond manager following a management shake-up and structure review.
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PGGM fixed income head Schlukebir to leave
NETHERLANDS - Hans Schlukebir, head of fixed income at the €71.5bn Dutch health care sector fund PGGM, is to leave on March 1 after two years in charge of the department.
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News
Coal scheme says it lost confidence in GSAM
UK – The £10.1bn (€14.8bn) British Coal Staff Superannuation Scheme has said it cut its £600m global fundamental equity mandate with Goldman Sachs Asset Management because it lost confidence in the product – and that further assets may be “relocated”.
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Ilmarinen real estate chief Kankuri exits
FINLAND – Ilmarinen Mutual Pension Insurance Co. has hired Esko Torsti to take over from real estate head Timo Kankuri.
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MP says NAPF “scared stiff” of national scheme
UK – A Member of Parliament for the ruling Labour Party has said the National Association of Pension Funds is “scared stiff” of the Pension Commission’s proposed new National Pension Savings Scheme.
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ABP an observer at Commission hedge fund group
NETHERLANDS – Stichting Pensioenfonds ABP has been named as an observer at a new expert sub-group on hedge funds set up by the European Commission.
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News
New ABN Amro AM CEO takes helm
GLOBAL – Sarah Russell has formally taken over from Huibert Boumeester as chief executive of ABN Amro’s asset management division, the bank said.
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Features
Leading from the front
The €11bn private equity mandate awarded by Dutch pension funds ABP and PGGM to AlpInvest Partners has taken Dutch institutional investment in the asset class to a whole new level. But will this kick-start a renewed interest by other Dutch pension funds - particularly the smaller ones - in private ...
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Features
Why convergence is taking place
There are an increasing number of similarities between the strategies used by managers of alternative investments and those employed by private equity managers. Alternative investment assets under management are estimated at one trillion dollars and spread over 8,000 funds, while the private equity industry manages only $150bn (e124bn), distributed among ...
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Features
Separating men from boys
As alternative investment managers continue their never-ending search for alpha it is clear that for most the priority is in generating the smoothest returns possible with the lowest possible volatility. In our business - currency - this is problematic as we operate in a universe of limited choice in terms ...
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Features
For all the right reasons
When the French Fonds de Reserve pour les Retraites (FRR) launched a manager selection process for its private equity programme last December, it was embarking on the next stage of an ambitious strategy which may well form a blueprint for other first-time investors in this asset class. The FRR, a ...
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Features
Funds end 2005 on strong note
All strategies except for CTA global exceeded their long-term average performance in December. Convertible arbitrage was the only strategy to end the year with a negative cumulative performance. Interestingly, the average performance of the hedge fund industry, proxied by the performance of the Edhec funds of funds index, was almost ...