All Alternatives articles – Page 128
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News
France’s FRR calls managers to SRI meeting
FRANCE – The €19.6bn Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, is planning to meet asset managers about socially responsible investing later this month.
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Inarcassa CEO Tosi joins alternatives house
ITALY - Paolo Tosi, chief executive of Inarcassa, the €3bn pension fund for self-employed architects and engineers, has left the fund to join alternatives group Kairos Partners.
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Railpen hires former Lane Clark consultant
UK - Railpen Investments, which manages £15bn (€22.6bn) of pension assets for the UK rail industry, has hired a former consultant from Lane Clark & Peacock as senior investment manager.
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MN Services changes management structure
NETHERLANDS – Dutch pension manager MN Services has named Wouter Pelser as co-head of asset management in a bid to enhance efficiency.
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Handbook flags directive’s impact on hedge funds
IRELAND – The European savings directive on the funds industry will have an impact on Hedge funds and hedge fund of funds, according to a handbook from Dublin- and London-based funds consultancy Carne Global Financial Services.
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News
Deutsche hires UBS exec for hedge fund marketing
EUROPE – Deutsche Bank says it has hired a marketing executive from UBS as head of European distribution for its Deutsche Asset Management arm’s absolute return strategies unit.
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Hedge funds own 3.8% of UK market – SSGA
UK – State Street Global Advisors says it estimates that hedge funds own around 3.8% of the UK equity market.
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South Yorkshire scheme loses team member
UK – The South Yorkshire Pensions Authority, which manages £2.7bn (€4bn) of assets, is looking for an investment manager following the departure of one of its six-strong investment team.
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IPE-QUEST: Dutch scheme tenders portable alpha
NETHERLANDS – A Dutch investment consultant has tendered a multi-asset class portable alpha mandate worth at least €15m via IPE-Quest.
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France's FRR names private equity consultant
FRANCE - The €19.6bn Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund has named a consultant to help it choose private equity managers.
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News
ING buys Slovakia pension fund for €35m
SLOVAKIA – Dutch banking group ING has signed an agreement to buy Slovakian private pension fund VSP Tatry Sympatica for €35m.
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Pension funds pull €1.6bn from Liontrust
UK – Pension funds pulled £1.1bn (€1.6bn) from equity specialist Liontrust Asset Management in the year to the end of March – hit by a move towards hedge funds.
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News
Volkswagen Pension Trust in revamp (Update)
GERMANY - Volkswagen Pension Trust, the pension fund for the German car giant, has completed a sweeping revamp of the way its €1.5bn in pension assets are invested (Updates with clarification, fresh edit).
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Features
A match made in heaven
In the aftermath of the bursting of the internet bubble, pension funds were forced to cope with an extremely unfavourable environment. Stock markets were plunging and interest rates were falling to historically low levels. Pension funds in general, and European pension funds in particular, have therefore seen the gap between ...
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Features
Too good to be true?
During our research of the hedge fund results, we analysed the 35 hedge fund categories available in the HFR database (www.hedgefund-research.com). The HFR database is one of the largest of its kind and covers approximately 4,150 hedge funds and fund of funds. From this database the HFRI indices are derived. ...
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Features
Getting it right first time
Following the poor returns of the last bear market, institutional investors have recognised the need for diversification in their investment portfolios. Post-Myners, many pension funds are seeking to match their liabilities by investing in alternative asset classes such as hedge funds. The mainstreaming of an industry that has traditionally been ...
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Features
Fighting fund fraud
Recently, Frankfurt’s public prosecutor began a criminal investigation into a senior employee at Phoenix Kapitaldienst, a German hedge fund manager that has now been told by the financial services regulator (BaFin) to cease trading. The employee is alleged to have siphoned off E700m from the fund. And while those hardest ...
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Features
Risk exposure stalls growth
As can be seen from table 1, the main hedge fund strategies all fell short of their long-term average performance in March. Three of the five strategies, namely convertible arbitrage, long/short equity and event driven, even posted negative returns. These disappointing returns might be explained by the exposure of hedge ...
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Features
Enemy at the gates
As institutional demand for hedge funds grows, not all providers will be able to meet the emerging standards for the industry, according to a recent report. Those firms that want to thrive in the maturing market will have to adopt new ways of doing business. Last year’s report, ‘Institutional Demand ...
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Features
Independence is driving force
When Long-Term Capital Management (LTCM) was on the brink of default in 1998, one area of its operations gave no cause for concern - its back office-processing infrastructure. This continued functioning smoothly, and ensured that no payments to creditors were missed and that it did not have to re-state its ...
