All Alternatives articles – Page 74
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NewsEU hedge fund 'passports' will take five years to deliver benefits
[14:00 CEST 26-05] EUROPE - Most hedge fund and private equity managers are unlikely to benefit from the passport provisions of the European Commission’s Draft Directive on Alternative Investment Fund Managers (AIFM) before 2014, even though they will have to meet its requirements as soon as it becomes law.
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NewsUK buyout market halved in Q1
[17:00 CEST 20-05] UK – The UK defined benefit (DB) buyout market reduced by 50% in the first quarter of 2009, as the total value of agreed transactions totalled less than £900m (€1.02bn).
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Overlay touted as swaps alternative
[16:00 CEST 19-05] EUROPE – Pimco, the asset manager, has suggested pension funds who were considering applying an interest rate swap to their portfolios should instead look to a gilts overlay or equity futures to gain better returns.
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Increased interest hedge cushions TNT’s loss
[15:15 CEST 19-05] NETHERLANDS - The €3.8bn pension fund of postal company TNT saw its losses considerably limited last year, officials claim, as the interest hedge on liabilities was increased from 53% to 75%.
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Pension funds act on negative swap spread
[13:00 CEST 14-05] GLOBAL - Pension funds have been lining up to take profits from the interest-rate swaps they have put in place for liability-driven investing (LDI), according to their fixed income managers and advisers.
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Swaps should be favoured over gilts – F&C
[16:55 CEST 08-05] UK – Pensions funds are being warned to tread carefully at present when deciding whether to hedge their liabilities against UK gilts, as the huge level of government borrowing is likely to mean yields will need to rise in the short-term to attract borrowers.
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Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
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Pension funds turn to specialists and alternatives
[14:30 CEST 23-04] EUROPE – Pension funds are increasingly moving into alternatives but the next growth area could be in the expansion of specialist fixed income mandates and single strategy hedge funds, according to Mercer’s review of pension fund asset allocation.
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ABP is alive with the Sound of Musicals
[16:00 CEST 21-04] NETHERLANDS - Imagem Music Group, the music publishing investment fund of ABP, has extended its back catalogue and acquired the rights to the songs and musicals written by Rodgers & Hammerstein, including Oklahoma, South Pacific and The Sound of Music.
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EC to regulate alternatives managers worth over €250m
[14:00 CEST 21-04] EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.
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PMA recovery to alter asset allocation
[16:40 CEST 20-04] NETHERLANDS - The €889m pension fund for pharmacies’ staff PMA expects to recover from its reserve shortfall within 15 years by adjusting its yearly indexation and changing its asset allocation strategy.
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Property and infra to see investment resurgence - study
[16:30 CEST 20-04] GLOBAL – A study of pension funds and institutional investors suggests funds will increase their listed and private equity holdings this year, but the asset classes of most interest for future years are likely to be property, infrastructure and hedge funds of funds.
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NewsLongevity swaps reality improved by pensions funds
[16:30 CEST 07-04] UK – It may soon be possible for UK pension funds to purchase longevity swaps as protection against members living longer than anticipated because pension funds have themselves improved pricing by making more cautious mortality assumptions.
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Man sees outflows despite AHL gains
[15:15 CET 26-03] GLOBAL – Man Investments, the UK-based hedge fund manager, has predicted its assets under management fell by 36% in the year to the end of March 2009, through a mixture of institutional outflows and losses on investments and currency fluctuations.
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Hedge funds bounce back from troubled year
[15:00 CET 24-03] GLOBAL - Institutional investors considering hedge funds as diversification to declining equity, property or fixed income markets may need to think carefully about doing so as two new reports present conflicting results about the alternative asset class.
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ATP to invest over €400m in timber
[17:20 CET 20-03] DENMARK – ATP has revealed it is planning to invest up to DKK3bn (€402m) in forestry investments for its portfolio, and has made the first step with the DKK180m acquisition of a piece of US forestry.
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Quest begins to find commodities and GEMs
[17:05 CET 20-03] IPE QUEST – A Swiss pension fund is looking CHF400-600m (€261-392m) in commodities in a global mandate sought through IPE-Quest.
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Newham makes first move towards diversified alternatives
[16:50 CET 20-03] UK – The London Borough of Newham pension fund is planning to allocate approximately 10% of its assets in a diversified alternatives strategy and has now taken the first step towards appointing a manager.
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ATP makes €300m foray into renewable energy
[17:05 CET 19-03] DENMARK – ATP Pension has invested $400m (€293.5m) in a global renewable energy fund which will target energy sources including solar and wind power.
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Pension funds stay focused on European private equity
[16:30 CET 18-03] EUROPE – Pension funds and other institutional investors remained major investors in private equity during the crisis, suggest the latest figures by the European Venture Capital Association (EVCA), but a pension fund official has questioned the sector's immediate future.
