All Alternatives articles – Page 150
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News
AP3 invests E38m in new forestry group
SWEDEN – Tredje AP-fonden has bought a 4.9% stake in new Swedish forestry group Bergvik Skog for around 350 million crowns (38 million euros).
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News
Citigroup, Mellon sign for new GSAM cash system
EUROPE – Goldman Sachs Asset Management has launched a Europe-wide cash management system, saying that Citigroup, Mellon Global and Invesco have already signed up.
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Consultant says it is first to 'cost' fixed income transactions
GERMANY - A German investment consultant has developed what it claims is the first methodology to measure the overall cost of fixed income transactions
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Real estate manager PRICOA in MBO from Prudential parent
London-based PRICOA Property Investment Management (PPIM) has confirmed that it is in discussion with US parent company Prudential Real Estate Investors about a management buy-out (MBO) of the European operations.
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News
AIMA launches survey for common hedge fund NAV policy
The UK-based Alternative Investment Management Association (AIMA) is asking hedge funds to take part in a survey to identify a common approach to valuing hedge fund assets and pricing hedge fund net asset values (NAV).
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News
Venture firm Pantheon in recruitment spree
UK - Private equity house, Pantheon, has revamped its global and European investment and client service teams...
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News
VB may take government to court over Staatsen
NETHERLANDS - The VB, the Dutch Association of Industry-wide Pension Funds, says it may have to take the Dutch government to court if it decides to introduce a form of quantitative investment restrictions for Dutch pension funds as part of the findings of the Staatsen Commission.
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News
Janus names Goldman’s Black as CIO, president
GLOBAL – Janus Capital Group, facing an estimated 4.5 billion dollars of withdrawals by institutions, has hired Gary Black from Goldman Sachs Asset Management to be its new chief investment officer and president.
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News
EU expansion to boost private equity – EVCA
EUROPE – The expansion of the European Union at the start of May is being seen as providing a boost to the European venture capital and private equity business.
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News
Luxembourg’s EFA “positioned for pensions”
LUXEMBOURG – Fund firm European Fund Administration says it is now “ideally positioned” to support the European pension market.
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News
Royal Bank shifts to specialists in revamp
UK - The Royal Bank of Scotland has hired seven new specialist asset managers in a revamp of its 12 billion-pound (18 billon-euro) pension fund that was previously exclusively managed by Gartmore and Newton.
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News
Unigestion appoints new French chairman
France - European alternative asset manager Unigestion has appointed Gérard Pfauwadel, a former managing director of insurer AGF, as chairman of its French subsidiary, Unigestion Asset Management (France).
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News
Schroders to spend more on portfolio management
UK – Schroders said it expects to spend more on portfolio management and research this year than it did in the last two years.
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News
ISIS invests in alternatives firm Cardinal
UK – ISIS Asset Management is buying a 15% stake in a new alternative investment house called Cardinal for 7.5 million euros.
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News
Russell says its multi-manager assets top $100bn
GLOBAL – Multi-management specialist Russell says it has surpassed 100 billion dollars (80.4 billion euros) in assets under management – and that European institutions are buying into its hedge fund programme.
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Features
Turning on the taps
‘How to tackle Germany’ occupied much conversational space at recent conferences. The Investment Act and the Investment Tax Act, which came into force on 1 January this year, brought hedge funds onshore for the first time, enabling an investor base already familiar with hedge fund index certificates to have direct ...
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Features
Warming up the punters
People climb mountains because they are there, but will German retirement savings funds use hedge funds just because a law makes it easier? For most institutional investors the idea of hedge funds is more interesting than actually using them at the moment. This is partly because the ability to invest ...
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Features
Still getting over the surprise
“Everyone was taken by surprise,” is the view from the German asset management association on the decision to reduce restrictions on hedge fund investment that came into force in January. This surprise was because on 6 February, 2002, Hans Eichel, German finance minister, had written in the Financial Times that ...