All Alternatives articles – Page 137
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Morley Fund Management unveils Polish hedge fund
POLAND - Morley Fund Management says it will launch its first hedge fund managed and invested in Poland.
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Swiss vote means no gold for pensions
SWITZERLAND - The Swiss first pillar scheme AHV will receive nothing from the sale of 1,300 tons of the central bank’s gold reserves, the upper chamber of parliament has decided.
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Carnegie exits Sweden pension consulting
SWEDEN - Nordic investment bank Carnegie’s Swedish pension consulting arm has been taken over by advisory firm Max Matthiessen.
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Metzler in German institutional asset boost
GERMANY - Citing robust investor demand for so-called “master funds,” Germany’s Metzler Asset Management says its institutional assets under management (AUM) have increased by almost one-third this year.
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Fortis Bank appoints new global head equity finance
NETHERLANDS – Dutch bank insurer Fortis Bank has appointed Andrew Stuart as global head equity finance sales in London.
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Lancashire CC Pension Fund allocates mandates
UK – The £2.5bn (€3.56bn) Lancashire County Council Pension Fund has appointed two new asset managers and retained two of his previous managers in a revamping of its portfolio. The changes followed an investment strategy review earlier this year.
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Dorset County PF names new hedge fund manager
UK -- Dorset County Pension Fund has appointed London and New York-based fund of hedge funds manager International Asset Management (IAM) to manage a diversified portfolio of hedge funds.
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Thomas Murray sets up alternatives services unit
UK -- London-based securities services ratings, research and advisory firm Thomas Murray has established an alternatives investments services division, Thomas Murray Alternative Investment Services (TMAIS).
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UK managers unveil new hedge and cash funds
UK -- Threadneedle Asset Management is to launch its Threadneedle Global Crescendo Fund towards the end of the first quarter of next year.
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Citigroup consultant head Duffain joins Pioneer
EUROPE - Pioneer Investments says it has hired Kerry Duffain from Citigroup Asset Management to be head of investment consultant relations in Europe.
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UBS GAM says it gets German pension boost
GERMANY - Citing strong demand for the management of German pension assets, UBS Global Asset Management says it has posted a “double-digit” rise in total assets under management in Germany this year.
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Swiss railways on track with pension revamp
SWITZERLAND - The Swiss Federal Railways, SBB, says it will trade off a collective pay rise for its employees against the costs for the financial reorganisation of its 11 billion-franc (7.1 billion-euro) pension fund.
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RCP sees E47bn demand for German hedge funds
GERMANY - Investor demand for German-domiciled hedge funds, which made their debut at the start of 2004, should grow to an average of 47 billion euros four years from now, according to a study by RCP & Partners.
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BVK using Alpha advisors for hedge mandates
GERMANY - German investment consultant Alpha Portfolio Advisors says it has been retained by Bayerische Versorgungskammer (BVK) for three fund of hedge fund mandates worth 100 million euros recently allocated by the scheme.
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AP3 names hedge fund exec as equities head
SWEDEN - The 152 billion-crown (17 billion-euro) Third Swedish National Pension Fund, Tredje AP-fonden or AP3, has appointed a hedge fund manager from Nordea as its new head of equities.
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State Street’s Princeton arm opens Amsterdam office
NETHERLANDS - Princeton Financial Systems, a wholly owned subsidiary of financial services giant State Street, has opened an office in Amsterdam.
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Hermes sees conflict in government trustee plan
UK – Hermes, the pension manager owned by the BT Pension Scheme, has said there is a conflict between the demands for increased trustee professionalism and the requirement for members to nominate 50% of trustees.
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Pension funds seeking yield in FX market – BIS
GLOBAL – Pension funds are helping to drive activity in the foreign exchange market as part of a “global search for yield” the Bank for International Settlements says.
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Benkner named head of DeAM in Europe
EUROPE - Deutsche Bank is to relocate Deutsche Asset Management’s headquarters to Frankfurt from London amid a revamp that has seen Paul Manduca replaced by Axel Benkner as DeAM’s European chief executive.
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Skandia’s Nammack sets up own firm
SWEDEN - Kristian Nammack, the head of external asset management at Stockholm-based Skandia Liv Kapitalförvaltning, has left the group to set up his own company.