All Alternatives articles – Page 173
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News
FIS appoints new head of institutional business
UK – London-based asset manager Friends Ivory & Sime (FIS) has appointed Robert Mathews as head of institutional business. Matthews will replace Paul Richards, who is leaving to join Goldman Sachs Asset Management.
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News
Ex-Rothschild fixed income head joins Morley
UK- Morley fund Management has appointed Rothschild Asset Management’s former head of fixed income Ceris Williams as head of sovereign bonds. Williams will report to Peter Rains, head of fixed income and treasury, when he joins in September.
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News
European PE investment drops a third in 2001
EUROPE – The total invested in European private equity last year fell a third to €24.3bn while funds raised across Europe last year fell 18.3% to €38.2bn, according to the latest annual survey published by the European Private Equity and Venture Capital Association (EVCA).
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News
Manduca to run Morley's new alternatives division
UK- Morley fund management has named Philip Manduca as head of its new alternative investment division which already has e3.2bn in private equity and hedge funds.
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News
FIS loses institutional director to Goldmans
UK – Paul Richards, the director of institutional business at London-based asset management group, Friends Ivory & Sime (FIS), is leaving the firm to become part of the business development team at Goldman Sachs Asset Management (GSAM).
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News
East Sussex allocates 3% to private equity
UK – The £1.2bn (€1.9bn) East Sussex County Pension Fund is allocating 3% of its assets to private equity, tendering the mandates currently managed by Gartmore, including a passive portfolio, and replacing them with a single global active mandate. The move follows its three-yearly actuarial valuation undertaken by Hymans Robertson. ...
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News
Länsförsäkringar CFO sets up new alternatives firm
SWEDEN – Bo Ennerberg, the chief financial officer of Stockholm-based asset management company, Länsförsäkringar, has left the company to start his own alternative asset management company. Only property is now managed inhouse at Länsförsäkringar...
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News
North Yorkshire drops Invesco from €268m mandate
UK – The £730m (€1,152m) North Yorkshire Council pension plan is looking for managers for a £170m (€268m) balanced mandate. A spokesman for North Yorkshire says the mandate, currently managed by Invesco, is under review since the fund’s investment committee is not “entirely satisfied” with Invesco’s performance.
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News
Man buys alternatives manager RMF for $833m
UK/SWITZERLAND- Man Group, the asset manager and broker, has announced it is buying the Switzerland-based alternative investment manager RMF for $833m. RMF is one of Europe’s largest alternative investment managers with $8.5bn in assets under management.
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News
AP6 and Nordico Invest launch Nordic venture fund
SWEDEN – Swedish state pension fund, AP6, is to merge one of its business units, Industrial Equity, with Swedish private equity outfit, Nordico Invest, to create a new venture fund for medium-sized companies in the Nordic region.
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News
Nortel axes Jupiter from UK equities mandate
UK – The £1.6bn (€2.5bn) Nortel Networks UK Pension Plan has dropped Jupiter Asset Management from its manager roster. Jupiter was running a UK equities mandate, the size of which is undisclosed.
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News
ABB appoints Goldmans to manage e110m hedge fund
SWITZERLAND – The ABB Investment Foundation, with over SFr 6bn (€4bn) under management for 36 Swiss-based pension funds, has appointed New-Jersey based Goldman Sachs Princeton LCC (GS) to manage its new SFr160m (€110m) hedge fund portfolio.
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Features
Market efficiency or hooliganism?
There are many myths concerning short selling. A recent example of misconception came from Hans Eichel, the German finance minister, in an article written for the ‘Personal View’ column of the Financial Times. According to the article, the German government has included, in its draft of a fourth Financial Market ...
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Features
Dipping a toe in the water
With equity markets in the doldrums, investors are turning their attention to alternative investments such as hedge funds for their high potential returns and their ability to reduce overall portfolio risk. Over the past decade or so, the global hedge fund industry has grown rapidly from an estimated 1,500 funds ...
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Features
'A guide to currency overlay management'
Deutsche Bank Global Markets Research has published a 70-page report titled ‘A Guide to Currency Overlay Management’. The report concludes that “investors and plan sponsors should consider increasing their focus on both the risk of, and the potential returns from FX” since “historical performance data suggest that active management of ...
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Features
Pointers to choosing managers
The process of selecting a fund of hedge funds manager starts with the initial rationale and process for including hedge funds in a scheme’s asset allocation. By looking to include hedge funds in the asset allocation, the pension scheme investors will have been driven by some of the following thoughts ...
