All Alternatives articles – Page 95
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News
FRR steps into emerging market equities
FRANCE - The €32bn Fonds de Réserve pour les Retraites (FRR) has started a temporary and limited exposure to emerging market equities before tendering a full mandate in summer.
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News
F&C takes LDI funds to market
EUROPE – F&C is now marketing its pooled liability driven investment (LDI) solution, which aims to optimise European pension funds’ exposure to return generating assets.
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News
Irish NTMA chooses two for IT
IRELAND – The Irish National Treasury Management Agency (NTMA) has chosen two IT providers for administration and accounting for its combined €275m property and private equity portfolio.
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Four Winds says "ethical business is good business"
EUROPE – New boutique Four Winds Capital says they are not looking at superficial SRI box-ticking but direct involvement in investment regions.
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Luxembourg introduces more freedom for alternatives
LUXEMBOURG – The Grand Duchy has passed legislation to encourage hedge funds to use its administrative services, promising no official scrutiny of sub-advisers or fund promoters of new vehicles.
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Northern Trust builds LDI team for global push
GLOBAL – US asset manager Northern Trust Global Investments (NTGI) has made a number of key appointments in London and Chicago to expand its liability driven investment (LDI) capabilities.
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Experts urge funds to diversify, not protect portfolios
GLOBAL – Long-term investors such as pension funds should diversify rather than protect portfolios against short-term losses, according to a new study by ABN Amro and the London Business School.
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News
Flintshire awards £305m mandates
UK – The £793m (€1.2bn) Clwyd Pension fund has awarded two unconstrained mandates worth £145m to Investec and Stone Harbour, a £120m UK equities mandate to Standard Life and a £40m GTAA mandate to Barclays Global Investors.
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News
Fidelity adds commodities and real estate to mixed new fund
NETHERLANDS - Fidelity International has launched a mixed investment fund, which also includes commodities and indirect property, in addition to the traditional asset classes equity, fixed income and currency, it said.
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News
G7 go for hedge fund vigilance rather than more regulation
GLOBAL – Finance ministers and central bankers from the G-7 industrial nations decided against any further regulation of hedge funds but said they would remain “vigilant” in scrutinising the risks funds presented.
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News
ATP considers external alpha managers
DENMARK - The DKK371.5bn (€49.8bn) Danish labour market pension fund, ATP is looking into adding external suppliers of alpha, possibly via direct hedge fund investments.
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News
FTSE launches climate change criteria for index series
UK – Global index provider FTSE have launched a new set of criteria to combat climate change for its FTSE4Good index series.
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Danish worries that derivative costs could impact return guarantees
DENMARK - The financial head of a leading Danish pensions provider has warned that the cost of hedging against liability risk is forcing it to consider ways of re-negotiating the guaranteed returns it promises.
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News
ABP hedges 100% of US dollar exposure on strategic basis
GLOBAL – ABP, the E209bn pension fund for Dutch civil servants, has a strategic hedge of a 100% for all of its US dollar exposure based on its ALM study (amended version of earlier story).
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News
Take the equity route to natural resources, argues US manager
EUROPE – The case for investing in natural resources related equities rather than direct commodity investment was made by Charlie Ober, natural resources portfolio manager at US asset manager T Rowe Price.
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Morley opens in Frankfurt to spearhead German sales
GERMANY – UK asset manager Morley has opened a sales office in Frankfurt this week to break into Germany’s retail and institutional fund market.
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News
Standard & Poor’s to acquire Goldman Sachs’ GSCI
GLOBAL - Standard & Poor will acquire the market leading Goldman Sachs Commodity Index (GSCI) and two equity index families from the Goldman Sachs Group, the two companies announced.
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News
Call for more certainty for biofuels investors
UK - Investors need more certainty in order to invest in biofuels, according to Anthony White, founder of investment banking group Climate Change Capital.
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Features
Trustees learn to embrace alternatives
The plethora of hedge fund activity in Ireland has created a boon for fund administrators, says Heather McKenzie
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News
VB calls for private equity responsibility
NETHERLANDS - Pension funds must act responsibly as private equity investors and should not simply use companies as cash cows and leave them once they are running dry, according to the Dutch Association of Industry-wide Pension Funds (VB).