All Alternatives articles – Page 97
-
Features
Equities excel while bonds underperform
October was characterised by the improving performance of the stock markets, as indicated by the above average returns of the S&P 500, while volatility remained at the same level as the previous month, still close to its historical lows. Bond market performance declined again, reaching a low, but still positive, ...
-
Features
Ten or 12 funds set to dominate
Joseph Mariathasan looks at where the private equity market is heading and asks whether now is the time to subject them to regulatory scrutiny
-
News
Germany’s NAEV ups real estate exposure
REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of real estate.
-
News
FRR awards €150m private equity mandate
FRANCE – The €29bn Fonds de Réserve Pour les Retraites, the French Pensions Reserve Fund, says it has awarded €150m in private equity to AXA Private Equity Europe.
-
News
European institutions ‘uneasy’ about bond trading
EUROPE – European institutions are becoming uneasy about developments in the fixed-income market – fearing hedge funds are taking too much of dealers’ attention, according to Greenwich Associates.
-
News
AP3 taps Aberdeen for €221m in real estate
SWEDEN – AP3, the SEK196.1bn (€21.7bn) Swedish buffer fund Tredje AP-fonden, has appointed Aberdeen Property Investors to build a European real estate equity fund portfolio worth SEK2bn (€221m).
-
News
Unilever taps Kottmann for hedge fund advice
UK – Unilever has appointed Kottmann Advisory as external consultant to advise its pension fund on hedge fund-of-fund investments, in a move to launch a pooled investment fund in January.
-
News
Schroders buys German real estate manager
GERMANY - Schroders says it has agreed to buy German real estate asset manager Aareal Asset Management GmbH for an initial £18.8m (€28m) from Aareal Bank.
-
News
Alternatives chief to chair Dexia AM
EUROPE – Dexia has named Naïm Abou-Jaoudé to succeed Hugo Lasat as chairman of the management board of Dexia Asset Management.
-
News
Robeco takes 64% stake of SAM Group
EUROPE – Robeco has taken a 64% stake in Swiss-based SRI firm Sustainable Asset Management for an undisclosed sum.
-
News
Suffolk in search for currency overlay manager
UK – The £1.2bn (€1.8bn) Suffolk County Council Pension Fund is looking to award a £403m currency overlay mandate for its overseas currency exposure.
-
News
MEPs’ fund goes into real estate
EUROPE – The €190m (£127.85m) Members of European Parliament Pension Fund is moving away from bonds in favour of euro-zone property to increase the diversification within its portfolio.
-
News
German accountants’ fund to go into alternatives
GERMANY – WPV, an €850m pension fund for chartered accountants, will make inaugural investments in alternative asset classes from 2007, targeting a quota of up to 5%, according to managing director Hans-Wilhelm Korfmacher.
-
News
Dutch painters tap CS for private equity
NETHERLANDS – The Dutch painters industry pension fund has appointed Credit Suisse Benelux with a €45m private equity mandate, the bank announced today.
-
News
Northamptonshire in £50m hedge fund move
UK – The £1.1bn (€1.6bn) Northamptonshire County Council pension fund is looking for hedge fund managers to invest approximately 4.5% of its portfolio.
-
News
Pension funds taking on too much risk, says ECB
EUROPE - The European Central Bank has warned that underfunded pension obligations may be leading investors into taking on too much risk – especially in emerging markets and high-yield bonds.
-
News
ABP, SSGA expand alliance with $1.1bn
GLOBAL – Stichting Pensioenfonds ABP and State Street Global Advisors have expanded their State Street Global Alliance partnership with an extra $1.1bn (€830m).
-
News
ABP scales down stake in real estate group
NETHERLANDS - The €201bn civil service pension fund ABP has decreased its majority stake in real estate group Vesteda to 46.7%, Vesteda said.
-
News
PGGM in loan portfolio deal with ABN Amro
NETHERLANDS – The €80bn Dutch healthcare and social work pension fund PGGM has entered a partnership with ABN AMRO in which both share the risk related to the bank’s loan portfolio.
-
News
Robeco names fund-of-hedge funds CEO
GLOBAL – Robeco, the asset management arm of Rabobank, has named Michael Abbott as chief executive of its fund of hedge funds group Robeco-Sage Capital.
