All Alternatives articles – Page 158
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Features
Lose your constraints
Claire Smith A couple of years ago, currency overlay mandates were fairly few and far between. Most pension funds left overseas currency exposures unhedged and those that did seek to manage them sought, in the main, to expunge the risk and accept the resulting profit or loss as simply part ...
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Features
Come on in, the water's lovely
Alternative investment strategies are registering notably high satisfaction rates in terms of performance among European institutional investors – despite the three-year bear market. The percentage of investors whose returns have so far met or exceeded expectations ranges from 66% for private equity, 79% for hedge fund investment and impressive figures ...
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Features
The benefit of the relative value strategy
Besides being an asset class in their own right, hedge funds can also be considered and used as a diversification tool within a specific traditional asset class. To incorporate hedge funds as a separate asset class into a global diversified portfolio, it is recommended to select the appropriate number of ...
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Features
Art for investment's sake
Any dealer will give prospective investors the same advice – spend as much as you can afford, buy the very best work available and be prepared to hold on to it for 10 years. This mantra is central to the ethos of Philip Hoffman’s new Fine Art Fund. Hoffman, a ...
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Features
How much should be allocated to alternatives?
A new study carried out by Dexia Asset Management shows the benefits of allocating 15% to 20% of a portfolio to alternative funds. Finding a good balance between risk and return is the first aim of any investment strategy. Modern portfolio management theory suggests diversification, so as to cope with ...
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Features
Nestle stays ahead of the pack
The €4bn Nestlé pension fund in Switzerland has perhaps gone farthest down the road of any European pension fund in embracing alternative investment in the pursuit of absolute returns. Its current exposure of 15% of assets to hedge funds is probably the largest of any pension fund in the world. ...
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Features
Gaining efficient access to hedge fund strategies
Funds of hedge funds (FoHF) have become a popular way for new hedge fund investors, both private and institutional, to gain access to the attractive performance characteristics of hedge fund strategies. These products provide investors with efficient exposure to a diverse range of alternative investment strategies and the unique skills ...
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Features
Absolute rules
Chastened by the experience of a three-year bear market in equities, European pension funds are moving from away from traditional benchmarks and relative returns toward ‘liability-driven’ strategies and absolute returns. Certainly this is the picture that alternative asset managers, and some traditional asset managers, are painting. Mark Rosenberg, head of ...
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News
Credit Suisse AM sees asset-allocation role
EUROPE – Institutional investors will increasingly seek asset-allocation advice from their fund managers rather than from their consultant, believes Credit Suisse Asset Management.
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News
Hedge fund assets now almost $665bn – report
GLOBAL – Hedge fund assets are now almost 665 billion dollars, a record, according to Hedge Fund Research.
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News
UBS GAM says its institutional margins rise
SWITZERLAND – The margins on UBS Global Asset Management’s institutional business rose to 35 basis points in the second quarter, up from 29 basis points in the first quarter of the year.
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News
Morley wins E2.9bn in new mandates
UK – Morley Fund Management has won two billion pounds (2.9 billion euros) of new external mandates this year so far – up one billion pounds on the same period last year.
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News
Pioneer names German alternatives sales head
IRELAND – Germany’s proposed legislation on hedge funds of funds has led Pioneer Investments to bolster its alternative investment sales team for Germany and Austria.
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News
Pension fund seen as key to Belgacom privatisation
BELGIUM – The Belgian government may have to take over Belgacom’s employee pension fund if it is serious about privatising the national telecoms operator.
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News
FirstRand signals sale of Ansbacher
EUROPE – South African financial services firm FirstRand has announced it will be looking to sell or part-sell Ansbacher -though it will retain the multi-manager subsidiary.
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News
SEI in HSBC Republic private client tie-up
UK – SEI Investments has formed a partnership to provide the clients of HSBC Republic, the private banking arm of HSBC, with a manager of managers account programme.
