All Alternatives articles – Page 160
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Goldman Sachs AM loses E6.8bn in British Coal revamp
UK - The 10 billion pound (14 billion euro) British Coal Staff Superannuation Scheme has withdrawn 4.8 billion pounds (6.8 billion euros) from Goldman Sachs Asset Management -but says GSAM remains a "favoured manager".
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Deutsche Bank in European hedge fund index deal
UK – Deutsche Bank has signed a distribution deal with Hedge Fund Research Europe, under which the bank will be able to offer products based on the HFRX Indices to European institutional and retail investors.
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Supranational seeks hedge FoF via IPE-Quest
GLOBAL – A supranational is looking for a hedge fund of funds strategy with a conservative overall approach via IPE-Quest.
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Nestle seeks portfolio manager for Swiss fund
SWITZERLAND – The six billion Swiss franc (3.8 billion euro) Swiss Pension Fund of food group Nestle says it is looking to recruit a Portfolio Manager, Modeling.
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AXA IM names global consultant relations head
UK – AXA Investment Managers has promoted Joanna Munro to head of UK institutional business development and head of global consultant relations and Nigel Loweth to head of UK institutional sales.
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AP1 widens consultant remit to include ALM
SWEDEN – The 12.8-billion euro Swedish national pension scheme AP1 is looking for a consultant who can offer asset liability modelling, manager selection and evaluation.
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Pension funds “natural” investors in German roads
GERMANY – Pension funds are “natural” investors in German road-building projects, according to a new report by Deutsche Bank – though it admits it may be hard to attract international institutions.
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Lacaille replaces Woods as SSGA's UK CIO
UK – State Street Global Advisors’ UK chief investment officer, Chris Woods, has been moved into a different role and is being replaced by Rick Lacaille, former head of structured products.
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Fidelity tops poll of European fund managers
EUROPE – Fidelity Investment Services has been voted the leading pan-European fund management firm in the Thomson Extel survey.
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Austrian private equity fund raising jumped 30% in 2002
AUSTRIA – Investment into private equity remained stable from Austrian investors in 2002, although fundraising in Austria showed nearly a 30% increase, according to the Austrian private equity and venture capital organisation, AVCO.
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Pension funds shunned private equity in 2002 says EVCA
EUROPE – Pension funds significantly decreased their investments in the European private equity industry in 2002, according to the European Private Equity and Venture Capital Association (EVCA).
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Europe's top 400 manager list - Changes at the top of e23trn market
EUROPE - There has been major changes at the top among Europe’s asset mangers, according to the Investment & Pension Europe survey of the top 400 players in the business, who between them handle some euro 22.6 trillion in assets. This figure is down from the euro 24 trillion recorded in last year’s survey.
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Altor E650m fund closes well ahead of target
SWEDEN – Altor Equity Partners has closed its first private equity fund at Euros 650 million, well ahead of its initial target of Euros 500 million after a successful placement.
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CSAM's chief investment officer Smith to leave in revamp
GLOBAL – Larry Smith is to leave his post as chief investment officer at Credit Suisse Asset Management after three years following yet another re-organisation by the company.
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Lucent’s Dutch fund ousts Schootse Poort, ABN Amro
NETHERLANDS – The incumbent managers at Lucent Technologies’ 450 million euro Dutch pension fund, Schootse Poort and ABN Amro, have been replaced in a shift to specialist managers.
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Liechtenstein’s LGT buys Swiss Life’s STG
SWITZERLAND / LIECHTENSTEIN – Financial services company, LGT GROUP, is acquiring fiduciary company STG Treuhandgesellschaft and its subsidiaries from the Swiss Life Group in order to expand, and to strengthen its activities in Switzerland.
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UK’s Leicester reviews asset, portfolio structure
UK – The 1.1 billion pound (1.52 billion euro) Leicestershire county council pension fund is reviewing its asset and portfolio structure and is asking for managers to put forward proposals for various asset classes.
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London pension fund moves into private equity
UK – The London Pension Fund Authority is tendering a private equity mandate worth between 50 to 75 million pounds (70-105 million euros) after deciding to start investing in the asset class.
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Pension reform hits Gaz de France credit rating
FRANCE – French utility Gaz de France has had its long-term corporate rating lowered to AA by Standard & Poor’s, partially as a result of the future pension reform in France.
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Goldman Sachs AM boosts European management
EUROPE – Goldman Sachs Asset Management has made several new appointments aimed at boosting its European institutional sales and marketing.
