All Alternatives articles – Page 70
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News
Survey reveals better alignment in emerging market private equity [AMENDED]
GLOBAL - A large majority of private equity limited partners (LPs) feel that their general partners (GPs) for emerging market funds are at least as well-aligned with them as their GPs for developed market funds, according to the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey.
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News
USS assigns managed account ahead of new strategy focus
UK – The £29bn (€32.9bn) Universities Superannuation Scheme (USS) has awarded a hedge fund-related $1bn (€740m) advisory managed account (MAC) mandate to Man Group.
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News
Hermes GPE private equity arm eyes mid-size pensions
UK – Hermes Fund Managers Limited and Gartmore Investment Management Limited have combined their private equity fund of fund businesses into a new company Hermes GPE LLP, which will have strong focus on responsible investing.
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News
European pension funds continue to shun equities
EUROPE - Pension funds across Europe are continuing to shy away from equity investments despite last year’s recovery of the global equity market.
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News
ABP spurs micro credit interest with Grassroots investment
NETHERLANDS - ABP, the giant industry pension fund for Dutch civil servants, has raised its interest again in microfinance initiatives and invested $30m in a global private equity microfinance fund from Grassroots Capital.
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News
PPF assigns private equity manager panel
UK – The Pension Protection Fund (PPF) has appointed seven private equity managers as part of a move to increase its alternatives allocation.
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News
Unipension drops hedge funds over lack of diversification
DENMARK - Unipension, the administration company managing some DKK80bn (€11bn) for Denmark's Architects’ Pension Fund (AP), the Pension Fund for Danish MAs, MScs and PhDs (MP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD), is divesting from its fund of hedge fund investments.
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News
MEPs press on with AIFM despite EU postponement
EUROPE – MEPs on the European Parliament's Economic and Monetary Affairs (ECON) Committee have continued discussions on a set of draft compromise amendments to the AIFM Directive despite the issue being postponed by the Spanish Presidency of the European Union earlier in the week.
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News
UK gov't targets pensions for infrastructure funding
UK - The UK Treasury will target pension funds as a primary source of funding for billions of pounds in infrastructure projects, using a national bank which will bypass traditional fund management companies.
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News
UK pensions allocate $300m to Bermudan catastrophe risk hedge fund
UK - Eleven UK pension funds allocated a total of $340m (€373m) to a $2.6bn catastrophe reinsurance strategy run by Bermuda-based Nephila Capital in the second half of 2009.
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News
PPF to diversify investment strategy from equities to alternatives
UK – The Pension Protection Fund (PPF) is diversifying its investment strategy by halving its equity allocation in favour of a 20% strategic allocation to alternatives, such as private equity and infrastructure.
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News
Spanish Presidency puts 'protectionist' AIFM clause back in
[15:00 CET 19-02] EUROPE - The hedge fund industry is protesting against the reinsertion of what is considered to be a ‘protectionist’ clause in the EU’s proposed Alternative Investment Fund Managers Directive of provisions, relating to third country dealings.
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News
Carbon trading needs European consistency - asset managers
[16:55 CET 12-02] EUROPE – A committee of UK MPs has proposed a carbon tax be placed on companies or the carbon trading pricing floor be raised, to make inaction on climate change matter more expensive.
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Special Report
Asian debt takes centre stage
Asian debt provides diversification and good risk-adjusted returns, argue emerging markets managers. Maha Khan Phillips takes a look at how institutional investors can access the asset class and where the best opportunities lie
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News
Rapporteur swamped by over 1000 AIFM amendments
[16:10 CET 26-01] EUROPE – Jean-Paul Gauzès, rapporteur for the European Parliament’s Committee on Economic and Monetary Affairs, has received over 1000 proposed amendments from MEPs while recommendations from other sources suggest the entire Directive should be widened to cover all alternative investment funds.
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News
LPFA assesses need for second currency mandate
[16:45 CET 22-01] UK – The £3.5bn (€4bn) London Pensions Fund Authority (LPFA) has held off from funding a second active currency mandate as officials are debating whether it would be preferable to invest in a broader mandate.
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News
CFTC proposals will affect 'few, if any commodity investors
[15:00 CET 15-01] GLOBAL - Proposals unveiled yesterday by the Commodity Futures Trading Commission in Washington, DC for position limits in energy market derivatives fall far short of the Draconian measures feared by traders.
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News
Alternatives Directive predicted to raise Dutch pension costs by 6%
[16:40 CET 14-01] NETHERLANDS - Current European Commission proposals to introduce a directive governing alternative investments managers would increase pension costs by 6%, as it would limit investment options and the spreading of risk, a large sector of the Dutch pensions market has claimed.
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News
UK roundup: PPF targets secondary private equity
[15:45 CET 05-01] UK - The Pension Protection Fund (PPF) is seeking investment managers to take advantage of opportunities in the secondary private equity market. It is also re-tendering its global custody contract while the London Borough of Tower Hamlets is seeking a multi-asset passive investment manager.
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News
Danish schemes invest €100m in renewable energy
[16:45 CET 23-12] DENMARK - Three Danish pension funds, PensionDanmark, PBU and AP Pension have joined forces to invest DKK750m (€101m) in renewable energy projects, including a group of Spanish solar-cell parks which benefit from a 30-year state-backed price guarantee for the energy they produce.