All Alternatives articles – Page 136
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News
Campina scheme appoints fiduciary manager
NETHERLANDS - The pension fund of Dutch cooperative dairy giant Campina has appointed Goldman Sachs Asset Management as fiduciary manager of a €350m mandate.
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News
France’s €5bn Cancava in scheme revamp
FRANCE – The €5bn pension fund Caisse Nationale d’Assurances Vieillesse des Artisans, Cancava, has appointed 10 equity managers amid a revamp which saw eight of its former managers dismissed over poor performance.
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Calyon Financial marketing manager set to leave
FRANCE – Odile Sigrand, marketing manager for Crédit Agricole’s Calyon Financial, is about to leave the company.
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Psolve nabs three Aon consultants
UK - Psolve Asset Solutions, sister firm of consultant Punter Southall, says it has hired three investment consultants from Aon in Scotland.
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German fund body defends hedge funds
GERMANY – The head of the German fund industry association BVI has dismissed the view that hedge funds have flopped in Germany.
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Canadian scheme backs Luxembourg’s Honsel
LUXEMBOURG – Ontario-based public pension scheme OMERS has made a US$40.6m (E35m) investment in Luxembourg-based car industry supplier Honsel International Technologies.
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USS, PGGM investor group OKs 10 brokers
EUROPE - A group of leading European institutions, which includes pension funds USS and PGGM, have commended 10 brokerage firms for the way they analyse non-financial material.
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JP Morgan eyes profitable German mandates
GERMANY – The head of JP Morgan Fleming in Germany says that winning profitable mandates is the firm’s top priority.
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Towers Perrin's Garcia joins T. Rowe Price
UK – Asset manager T. Rowe Price says it has hired Philip Garcia, head of UK investment consulting at Towers Perrin.
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German brokerage group BCA slams hedge funds
GERMANY - BCA, Germany’s largest pool of independent financial brokers, has sharply criticised hedge funds, saying the products are both too costly and have performed poorly over the past few years.
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Watson Wyatt warns on higher Myners costs
UK – Pension consulting firm Watson Wyatt has warned of “unintended consequences” such as higher costs and disjointed decisions due to the Myners principles on the separation of asset allocation advice and manager selection.
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AXA IM Italia names advisory manager
ITALY - AXA IM Italia, the Milan-based office of AXA Investment Managers, has appointed a new institutional advisory manager to look after its institutional business.
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Unigestion/Lyxor launch new bricks
CHANNEL ISLANDS – Unigestion Asset Management and Societe Generale Asset Management’s Lyxor AM have launched a range of single-strategy funds of hedge funds, called ‘Bricks’.
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Features
Emerging markets deliver goods
Absolute Return Funds (ARFs) returned on average 3.2% for the month of November and an impressive 9.5% for eleven months of the year. Within the Absolute Return universe, Eurekahedge has categorised funds into bottom up, top down, dual approach, and diversified debt, of which over 150 are listed in its ...
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Features
Danes become more focused
Pension funds are the most important source of private equity finance in Denmark, easily outstripping corporate investors, banks and insurance companies. Even so, they have recorded a sizeable increase in investment over the past year. In 2002, the percentage of Danish private equity investment raised from pension funds was 33.4%, ...
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Features
Running it all in-house
ATP Private Equity Partners (ATP PEP) is the private equity arm of the statutory pension provision fund ATP. It was set up in 2001. “ATP wanted some exposure to private equity for the purposes of diversification, as well as for superior returns,” says Jens Bisgaard-Frantzen, managing partner, ATP PEP. “At ...
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Features
Thinking about direct
The City of Zurich of Pension Fund, with assets of CHF 11.4bn (e7.4bn), moved into hedge fund investment at the end of 2000 with a hedge fund allocation of 2.5% which increased to 5% at the beginning of 2002. The main aim was risk diversification, says Vera Kupper Staub, the ...
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News
Denmark’s ATP in Falck private equity deal
DENMARK - ATP Private Equity Partners, a subsidiary of the E27bn statutory pension provision fund ATP, is a partner in the purchase of Danish emergency services group Falck.
