All Alternatives articles – Page 145
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Calyon, HFR Europe in hedge index tie-up
EUROPE – Calyon, the merged Credit Lyonnais investment bank and Crédit Agricole Indosuez, has tied up with HFR Europe to offer structured products based on HFR’s HFRX investable hedge funds indices.
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New TIAA-CREF institutional arm to eye Europe
EUROPE – The new institutional asset management arm of US education retirement system TIAA-CREF will have a presence in Europe before too long, says one of its top executives.
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Fortis names Talia as Italy fund solutions MD
ITALY- Fortis Bank Information Banking, the Benelux bank’s asset servicing arm, has opened a subsidiary in Milan to boost its presence in the European ‘prime fund solutions’ market.
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Ireland mulls hedge fund tax-transparent vehicle
IRELAND - The Irish parliament could vote on a change of legislation to introduce a type of tax transparent vehicle which would allow investments in alternative asset classes like hedge funds.
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Austria’s VPK and BVP consider merger
AUSTRIA- The two billion-euro multi-employer Vereinigte Pensionskassen AG, VPK, and the 1.2 billion-euro banking and insurance sector pension fund BVP-Pensionskassen AG may agree to merge by the end of August.
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CSAM’s Parker predicts performance fees
GLOBAL - A senior figure on the global asset management industry predicts that performance fees will replace flat fees within two years.
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SSGA launches absolute return currency fund
GLOBAL - State Street Global Advisors has launched its first absolute return currency fund for institutional investors.
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Asset managers sceptical on economy and profits
GLOBAL - Fund managers worldwide are getting increasingly “sceptical” about the prospects for the global economy and corporate profit growth for the first time in three years, this month’s Merrill Lynch Fund Manager Survey says.
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Pensions grow to 41% of asset management - report
GLOBAL - Pension fund assets have risen to 41% of the asset management industry's client assets in Benelux, France, Germany and Italy, up from 41%.
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Fund Forum: difficulties managing managers
FRANCE – The issue of managing investment managers has been raised at the Fund Forum event in Monaco – with one senior industry figure likening it to ‘herding cats’.
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Merchant Navy scheme CEO retires after revamp
UK - Geoffrey Henry, the chief executive of the 2.7 billion-pound (4.03 billion-euro) Merchant Navy Pensions Administration Ltd. Merchant Navy Officers Pensions Fund, MNOPF, has retired.
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Schroders makes hedge fund appointment
UK - Schroders has appointed Russell Investment Group’s Derek Doupe to the new role of head of business development for its fund of hedge funds business.
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BNP Paribas in Italian hedge fund move
ITALY- BNP Paribas Group has partnered with Mediobanca and Mediolanum’s Duemme Hedge to launch a fund of hedge funds targeting small pension funds and individual investors.
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French reserve fund set to name overlay manager
FRANCE - The 16 billion-euro French reserve fund, the Fonds de réserve pour les retraites, is going to appoint an overlay manager by the end of July, the president of the scheme’s executive board, Francis Mayer, says.
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Northern Trust working with multinats on pooling
LUXEMBOURG – Northern Trust says it is working with two multinational companies on Luxembourg-based tax-transparent pension pooling.
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French reserve fund allocates final E1.88bn
FRANCE – The 16 billion-euro French reserve fund, the Fonds de réserve pour les retraites, has allocated its final 1.88 billion euros in assets to managers in four lots.
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German pension measures insufficient – report
GERMANY – Germany’s measures to deal with its pension problems, while necessary, are still insufficient, a new report from the International Monetary Fund says.
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Swedish pension market in midst of restructure
SWEDEN - The crisis in the Swedish mutual life insurance market is leading to a shake-up in the pensions industry, Alex Inkapool writes.
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France’s FRR awards transition management brief
FRANCE – The French reserve fund, the Fonds de réserve pour les retraites, has awarded a transition management mandate to Goldman Sachs International for three years.