All Alternatives articles – Page 169
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News
UK's FSA boss hits out at EC finance directives
UK- Howard Davies, chairman of UK regulator the Financial Services Authority, has rounded on the raft of directives contained in the European Commission’s Financial Services Action Plan.
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News
FSA tackles short selling transparency
UK- The UK Financial Services Authority and several market participants have produced a series of possibilities for disclosure of short selling in the UK. At a meeting hosted by the FSA and attended by hedge funds, prime brokers, securities lenders and several corporates it was unanimously agreed that the issue ...
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News
Management fees in Europe set to fall
EUROPE- Average gross fees are expected to decline across Europe’s asset management industry at a rate of 2% a year over the next four years, according to consultant Oliver, Wyman and Company and UBS Warburg.
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News
FIM creates new global marketing role
BENELUX- Fortis Investment Management has appointed Patrick Van de Steen as head of marketing. Van de Steen assumes global responsibility for the marketing division, made up of over 70 staff worldwide, and will be based in Brussels.
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News
PMI drops Deutsche from e3bn currency mandate
NETHERLANDS- PMI, the e13bn Dutch metal workers pension fund, has dropped Deutsche Bank as manager of its e3bn passive currency mandate due to poor performance and instead appointed Goldman Sachs.
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News
European AM industry to see plummeting growth rate
EUROPE- Growth in revenues and assets under management is expected to slow rapidly in Europe over the coming four years according to a report out today by strategy consulting firm, Oliver, Wyman and Company, and UBS Warburg.
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News
AP6 and Skandia launch private equity company
SWEDEN- AP6, the Swedish national fund specialising in private equity, is launching a new company investing seed capital in high tech companies in the Nordic region.
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News
Multi manager IMS moves into Europe with S&P hire
UK- Multi-manager outfit, Investment Manager Selection (IMS), has marked its expansion into Europe with the appointment of David Furlong as its sales and client servicing director. Furlong becomes the latest in a line of people to join IMS from S&P Fund Research (now Standard & Poor’s Fund Services).
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News
PGGM names new head of alternative investments
NETHERLANDS- PGGM, the e47bn pension fund for the health care and social work sector, has promoted its head of real estate Jan van der Vlist to oversee its alternative investments.
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News
AIMA publishes hedge fund industry guide
EUROPE- AIMA, the Alternative Investment Management Association, and European hedge fund industry participants, led by Goldman Sachs, have published a guide advising Europe’s hedge fund managers how to adopt sound business practices and reduce the risks of costly mistakes.
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News
Morley beefs up institutional team with two hires
UK- Morley Fund Management has appointed two new heads within its institutional team. In a new role, Alistair Morrison will be heading up institutional business across the UK and Europe, and reporting to him will be Gordon Milne, head of client services. Both join Morley this month.
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Features
Investing in US timberland
Over the past 20 years, US institutional investments in timberland have increased remarkably, starting at just $4 million in 1981 and reaching $10 billion by 2001. In this article, we look at why timberland has gained the interest of institutional investors, and what the future holds for those considering timberland ...
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Features
You cannot leave home without it
The euro rise has focused attention on the importance of currency management. If you are invested in non-European equities, and hedged the currency risk, then your fund lost 20.9% in the first half of this year. If your international equity managers did not currency hedge, then this loss was increased ...
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Features
Hedge funds get guarded welcome
Hedge funds now represent a small but significant part of the portfolios of some of Sweden’s foundations. The Swedish Foundation for Strategic Reseach (SSF) took its first tentative steps into hedge funds last year. Bjorn Brandt, director of administration at SSF says: “To diversify foundation assets and obtain a performance ...
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Features
Why overlays are 'must haves' for funds
Currency overlay is a ‘must have’ for plan sponsors with cross border investments and processes that control risks. Currency risk has become important in today’s average pension portfolio and is increasing in importance. InterSec Research Corp., a consultant, projects pension funds globally will have one out of five dollars invested ...
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Features
European private equity: a full potential market
In increasingly testing financial markets, investors are looking for new sources of diversification and return. Private equity should be an integral part of their investment choices. All the reasons for growth… The private equity market in Europe is currently the beneficiary of two sets of factors that are positive ...
