All Alternatives articles – Page 165
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News
Bank Leu issues hedge fund RFP
SWITZERLAND – Bank Leu has issued a request for proposal for its new Swiss-registered hedge fund products, though it did not disclose the size of mandates.
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News
Pension funds back France's Activa buyout fund
FRANCE – Paris-based private equity firm Activa Capital has attracted European pension funds and fund managers, with a first close of 90 million euros on its mid-market buyout fund.
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News
MLIM assets fall for third year in a row
GLOBAL – Merrill Lynch Investment Managers’ assets under management fell in 2002 for the third consecutive year.
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News
Switzerland’s Partners in venture with Sauerborn
GERMANY/SWITZERLAND – Swiss alternative asset manager Partners Group and German private asset manager and financial service provider Sauerborn Trust AG (formerly FERI Family Office AG) have launched a joint venture in Switzerland aimed at high net worth individuals.
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News
UK Environment Agency pensions head quits
UK – The head of pensions at the 994 million pound (1.5 billion euro) UK Environment Agency pension fund, Sue Timberwell, has left.
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News
Position data compromises hedge funds - survey
GLOBAL – The disclosure of detailed position-level data is seen as compromising the performance of hedge funds, according to a new survey by Capital Market Risk Advisors and the International Association of Financial Engineers.
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News
AIMA names chairman as membership surges
UK – The Alternative Investment Management Association has named Christopher Fawcett as its new chairman, following a 34% growth in its membership.
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News
AP2 appoints 13 external managers
SWEDEN - The 13.6 billion euro second Swedish national pension fund, AP2, has appointed what it calls a “network” of 13 external investment managers in 14 separate equity sectors – though no agreements about size of mandates has yet been reached.
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News
Schroders hires ex-Philadelphia pension chief
UK/US – Schroder Ventures International Investment Trust (SVIIT) has added Marc Bonavitacola, former chief investment officer for the city of Philadelphia’s five billion dollar public employees retirement system, to its US operations.
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News
European private equity down 30% to e27bn
EUROPE – European private equity firms saw the value of funds raised decline by almost 30% in 2002, with the combined total of 27.4 billion euros raised by 57 funds far short of 2001’s 38.2 billion euros, according to private equity research firm AltAssets.
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News
Robeco assets fall by 16.6 billion euros
NETHERLANDS – Dutch bank group Rabobank’s asset management division Robeco says market declines have reduced its assets under management by 16.6 billion euros as at the end of 2002.
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US fund sponsors’ costs rise 10% - report
US – US pension fund sponsors’ operational costs have risen 10% in the last three years, to almost 0.4% of total assets, according to new research by the Callan Investment Institute – with the rise driven by staff pay and fee rises.
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Features
Get to grips with hedge funds
‘More talk than action’ is a comment often made during discussions about hedge funds for European pension funds. In this article, I would like to present the perspective of a pension fund trustee on this topic. The conclusion will be, in short, that the debate about the use of hedge ...
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News
Barcelona to host European pensions summit
SPAIN – The European Pensions and Investing Summit is to take place in Barcelona on February 24 and 25 and will focus on active management, risk structures, alternative investments, professional governance and activism, say organisers Information Management Network.
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News
UK private equity: Epic in e76.8m float
UK – The 76.8 million euro flotation of Epic Brand Investments on the Alternative Investment Market shows there’s still life in the UK private equity market.
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News
Russell sees “substantial” European growth
SPAIN – Multi-manager specialist Frank Russell Co. says it has seen “substantial growth in Europe this year” - adding that it has been awarded 30 new institutional client mandates across Europe for its multi-manager funds so far in 2002.
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News
Watson advises clients away from equities
EUROPE – Pension consultancy firm Watson Wyatt says it is advising its clients to move away from equities and that it knows of “very few” firms that invest in accordance with best practice.
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News
Guru tells pension funds: bear market to persist
UK - The current bear market is likely to last until 2005 at least, one of the US’s most prominent investment strategists told pension fund managers and their advisers today.
