Hedge Funds – Page 12
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News
Heijman quits Fortis to major on hedge funds in London
NETHERLANDS – Clayton Heijman, global head for Fortis Bank’s alternative investors and investment banks in the merchant banking division, is leaving the bank after nine years to pursue his interests in hedge funds.
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News
ABP and Robeco support Stork as hedge funds win case
NETHERLANDS - The institutional investors Robeco and the €201bn civil service pension fund ABP have voiced support for the temporary protection of industrial conglomerate Stork against Anglo-Saxon hedge funds Paulson and Centaurus.
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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.
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News
Row over PMT’s involvement in hedge funds
NETHERLANDS – Dutch trade union FNV is demanding that PMT, the €30bn Dutch pension scheme for metalworking and mechanical engineering, withdraw its investments from Paulson, the activist hedge fund.
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News
McCreevy slams “myth” of unregulated hedge funds
EUROPE – Charlie McCreevy, the European Commission’s Internal Markets Commissioner, has attacked what he says is the myth that hedge funds are not regulated.
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News
Accountants urge trustee caution with hedge funds
UK – The head of the Institute of Chartered Accountants in England and Wales has advised pension fund trustees to “proceed with caution” when it comes to investing in hedge funds.
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Features
Investors warm to hedge funds
While hedge funds are growing in popularity across Europe there are still some concerns about transparency. Rachel Fixsen reports
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Features
Hedge funds as risk reducers
Recently, the Fonds de Réserve pour les Retraites published its decision to exclude hedge funds from its portfolio. Felix Goltz questions the FRR's logic
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News
Norges chief slams “disguised beta” hedge funds
NORWAY – Knut Kjaer, executive director of Norges Bank Investment Management, which runs the NOK1.5trn (€182bn) Norwegian Pension Fund – Global, says many hedge funds are overpriced beta suppliers.
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Features
Hedge funds - assets or asset strippers?
Are hedge funds really locusts stripping Dutch companies of their assets or are they a source of rich returns to the pension funds that invest in them. Leen Preesman reports on an increasingly acrimonious debate between Dutch unions and pension funds
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Special Report
Making a beeline for activist hedge funds
The activities of activist funds in targeting companies that have become national champions have caused political apoplexy throughout Europe, with ministers wagging their fingers at pension funds and warning them to have nothing to do with predatory private equity companies and hedge funds. But pension funds are encouraged to diversify into alternative investments and become active owners of the companies they invest in. So what should they do?
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News
Hampshire appoints seven new managers, looks into hedge funds
UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund has completely overhauled its management structure. In a move from multi-asset to specialist managers it has re-appointed three of the old managers and awarded mandates to seven new managers.
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News
Put third of assets into hedge funds, Myners says
GLOBAL – The average pension fund should invest 25%-35% of its assets in hedge funds, says Paul Myners, the former Gartmore chief who wrote an influential report on institutional investment for the government.
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News
Institutional interest in hedge funds ‘to grow’
GLOBAL – Institutional flow into the hedge fund market will triple by 2010 to reach $1trn (€0.8trn), but only if returns continue to justify fees and higher risks and if managers can provide the quality demanded by institutions, according to new projections.
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News
Pension fund “lemmings” into hedge funds – IMF
GLOBAL – Pension funds are going into hedge funds like lemmings, according to the International Monetary Fund’s research chief Raghuram Rajan.
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News
Schemes 'unsatisfied with funds of hedge funds'
GLOBAL - Mercer Investment Consulting says only 23% of pension schemes are satisfied with funds of hedge funds investments.
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News
Hedge funds past their peak, says UK’s Field
UK – Former UK pensions minister Frank Field reckons the best days of hedge funds are over.
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News
UK MPs’ scheme to invest in hedge funds
UK – The around £280m (€414m) Parliamentary Contributory Pension Fund of the House of Commons is looking to award an £8m mandate to a fund of hedge fund manager.
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Features
Hedge funds - over the top?
In this month’s Off The Record, we look at the whether now or anytime is the right time for pension funds to be investing in hedge funds
