All Alternatives articles – Page 135
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News
Assets surge NIB’s asset management arm
NETHERLANDS – NIB Capital, the bank owned by the two largest Dutch pension funds ABP and PGGM, said assets under management at its investment management unit rose 70% in 2004.
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New hires at Swiss consultant Ecofin
SWITZERLAND - Ecofin, one of Switzerland’s largest investment consultants, has brought in a pair of new senior advisers and, for the first time, has opened itself up to private banking clients.
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Dutch central bank confirms FTK on schedule
NETHERLANDS – The Dutch central bank has reaffirmed that the FTK, the new financial assessment framework for pension schemes, will come in as planned on January 1 2006.
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Ireland’s NPRF to put 18% into new asset classes
IRELAND – The €11.69bn National Pensions Reserve Fund has targeted an 18% allocation to property, private equity and commodities by 2009 – but it will not invest in hedge funds for the moment.
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JP Morgan to hire new UK institutional staff
UK - JP Morgan Fleming Asset Management says it is looking to hire new staff in the UK this year amid a 13% growth in assets under management.
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BNP Paribas aims to raise AUM by €50bn
FRANCE – BNP Paribas is targeting a €50bn increase in assets under management by 2007 – coming on top of an 8.3% rise in AUM last year.
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S&P cuts NIB ratings, citing ABP and PGGM
NETHERLANDS – Standard & Poor’s has downgraded its rating on NIB Capital because it thinks the merchant bank has become less important to owners ABP and PGGM.
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Threadneedle ‘unaffected’ by Amex spinoff
UK – Asset manager Threadneedle Investments says it won’t be affected by American Express’s plans to spin off its parent division.
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NIB Capital weighs options amid Fortis report
NETHERLANDS – NIB Capital, the merchant banking group owned by Dutch pension schemes ABP and PGGM, says it is still considering its options - as reports circulate that Fortis is interested in making a bid.
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Features
Irish funds venture shy
Since the go-go eighties, Ireland has been punching above its weight in cultivating a profile as a home of technological innovation. In 2003, private equity funds invested in Ireland totalled e255m. This represented 0.194% of the country’s GDP, and one of the highest percentages in Europe, higher than Germany, Belgium ...
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Features
Hedge funds in the mainstream
Hedge funds have now moved into the mainstream with 32% of European institutions now using them, Greenwich Associates says. “Among European institutions, the proportion using hedge funds jumped to 32% in 2004 from 23% a year earlier,” the Connecticut-based consulting firm sasy. It added that US institutional use climbed to ...
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Features
Reserve fund takes first steps
The National Pensions Reserve Fund was set up in 2002 to act as a cushion against some of the expected growth in future liabilities of Ireland’s state and civil service pension arrangements. Its purpose is to act as a demographic equalisation fund, helping to redress potential underfunding which may arise ...
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Features
Practical implications of using derivatives
Practical implications of trading derivatives can make pension funds reluctant to implement a derivatives program. Outsourcing has benefits but could be in conflict with upcoming governance rules. An in-house derivative program is cost effective, transparent and not as difficult as it may seem. An attempt to demystify derivative implications. In ...
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Features
Again a year of mixed fortunes
The January markets rally has affected 2005’s opening figures for many categories of hedge fund. Data revealing strong foreign demand for US assets had calmed fears that the US will struggle to fund its ballooning trade deficit. Instead, investors have focused on dollar-positive factors. Going forward, it is the threat ...
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News
Germany’s Metzler sees boom in master funds
GERMANY - A boom in so-called “master funds” should enable Germany’s Metzler Asset Management to grow its institutional assets under management in 2005 about as fast as they did in 2004, one of its executives says.
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News
Watson Wyatt Ireland hires ex-E&Y economist
IRELAND – Watson Wyatt says it has hired a former chief economist at Ernst & Young, Paul Droop, to be a senior investment consultant in its Dublin office.
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MEPs to debate hedge fund regulation
EUROPE - The European Parliament's Committee on Economic and Monetary Affairs is set to debate whether the European Commission should provide guidelines for the regulation of hedge funds.
