All Alternatives articles – Page 174
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Features
Private equity comes of age
Is private equity beginning to grow up and graduate from being a fringe asset class to being accepted as a fully fledged member of the investment community? The fact that it is now going through some performance problems is almost reassuring in itself. There was, for some years, a concern ...
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News
UK pension funds view private equity as 'trouble'
UK- The flight of UK pension funds from equities into bonds has dashed hopes that schemes would increase their investment in private equity, according to a senior pension fund consultant.
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News
Warburg Pincus fund closes at e5.9bn
US/EUROPE Private equity firm Warburg Pincus has announced that its WP VIII fund has closed with assets of $5.3bn (€5.9bn), a figure it claims is a “considerable accomplishment” in light of the volatile economic climate and consolidating private equity market.
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News
AXA IM promotes Moreau to CEO
UK- AXA Investment Managers, one of Europe's largest fund managers, has announced the appointment of Nicolas Moreau as chief executive.
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News
Henderson launches PE funds for German investors
GERMANY- Henderson Private Capital, the private equity arm of Henderson Global Investors, and the Feri Finance Group are launching two private equity fund of funds designed specifically for institutional investors in Germany.
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Stamford opens multi manager to UK market
GUERNSEY/UK- Stamford Asset Management is opening up its Guernsey-based collective investment scheme, the multi-manager investment programme (MMIP), to the UK institutional market.
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News
NTMA announces seven managers for final e2bn
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced the final seven managers to run the unallocated e2bn of the National Pensions Reserve Fund’s e8bn in assets.
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News
ALM study could open up PMI's investment strategy
NETHERLANDS – The giant €12.5bn Dutch metal workers fund, PMI, is undertaking an asset liability study that could open up its investment strategy to include alternatives such as commodities, currency overlay, below investment grade bonds and inflation-linked contracts.
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News
UBS Capital partners launch PE exit strategy group
UK- Five partners in the UK team of UBS Capital, the private equity company formerly known as Phildrew Ventures, have launched a new entity IRRfc specialising in taking on the management of institutional investors’ unwanted private equity holdings. IRRfc will focus exclusively on exit strategies and will not be making ...
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News
CalPERS shortlists seven for $4.1bn equity fund
US – The $172.5bn (€196.3bn) Californian state public workers’ pension fund, CalPERS, has short-listed seven asset management firms to take care of the fund’s $4.1bn domestic growth equity fund.
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News
Mercers IC business development head moves to TGM
UK- The recently re-named Mercer Human Resource Consulting has lost its investment consulting head of marketing and business development David Tucker to a similar role at TGM Asset Management in London. TGM started life in 1997 as a tactical asset allocation manager but has since moved into currency overlay and ...
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News
EVCA publishes new private equity booklet
Belgium – the European Private Equity and Venture Capital Association (EVCA) has published a booklet, entitled ‘Why and How to Invest in Private Equity’ aimed at both new investors and those wishing to increase an exiting exposure.
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Pimco to enter hedge fund market
US- Fixed income investment manager Pimco has announced as part of its expansion outside the US market that it is entering the hedge fund market with the launch of a fixed income fund for US and foreign investors.
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News
Northern Trust names new product development head
UK- Northern Trust Global Investment Europe has appointed Andrew Edgington as director of product management and development. In the new role he will work with chief operating officer Nick Ring and product manager Chris Turpin in developing new investment products as well as overseeing the existing product range.
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News
VGZ picks GSAM for e1bn fiduciary role
NETHERLANDS- Zorgverzekeraar VGZ, one of the largest specialised health insurers in the Netherlands, has appointed Goldman Sachs Asset Management as fiduciary manager for its entire investment portfolio worth almost e1bn. VGZ remains responsible for dictating the strategic investment policy but as fiduciary manager, Goldman Sachs will look after asset ...
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News
Hermes appoints new head of private equity
UK – Hermes Pensions Management has appointed Rod Selkirk as head of private equity, replacing Robert Padgett who will take full retirement later this year. Selkirk, who has over 20 years experience in private equity, joins from Bridgepoint Capital, where he was managing director and member of the executive and ...
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News
Philipp steps down as head of Deutsche AM
UK- Michael Philipp is stepping down as head of Deutsche Asset Management in what is the latest of a series of senior departures at Deutsche Bank. Philipp’s deputy Thomas Hughes is replacing him as head of asset management and, as a result of the reshuffle, becomes a member of Deutsche’s ...
