Hedge Funds – Page 13
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News
IPE-QUEST: $300m in fund of hedge funds
GLOBAL – Up to $300m (€237m) in fund of hedge funds is being tendered on IPE-Quest.
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Man Group limits hedge funds in own scheme
UK – Man Group, the world’s largest listed hedge fund group, is limiting the hedge fund allocation in its own pension fund on the advice of Watson Wyatt, says chief executive Stanley Fink.
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Lancashire tenders €146m in hedge funds
UK - The £3.47bn Lancashire County pension fund has tendered around £100m (€146m) in fund of hedge funds.
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FRR explains reasoning for avoiding hedge funds
FRANCE - The FRR, the €27.7bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has explained why it will not be investing in hedge funds as part of its new strategic asset allocation which features a shift towards 'alternative' assets.
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Amonis cuts equities, real estate for hedge funds
BELGIUM – The €1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure to equities and real estate, and ploughed roughly €34.2m into a fund of hedge funds portfolio managed by Key Asset Management.
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Hedge funds: 13% of Europe schemes now invest
EUROPE – Some 13% of continental European and Irish pension funds invest in hedge funds, almost double the number in the UK, according to Mercer Investment Consulting.
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Sal. Oppenheim buys into UK hedge funds
GERMANY – Sal. Oppenheim, a German private bank, has acquired sizeable stakes in London-based hedge fund providers Attica Alternative Investments (AAI) and Integrated Asset Management (IAM). Financial details were not disclosed.
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Cambridge hires ex-State Streeter for hedge funds
US – Consulting firm Cambridge Associates has former State Street’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group.
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Barriers set to fall German hedge funds
GERMANY - Further barriers to hedge fund investing could be removed later this year in the coming reform to the German Investment Act, according to a law firm.
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Germany’s BVK to allocate €1bn to hedge funds
GERMANY – Bayerische Versorgungskammer (BVK), Germany’s largest pension fund with €38bn in assets, plans to raise allocations to hedge funds to €1bn by the end of 2006 - from €150m currently.
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10% of large UK schemes now in hedge funds
UK – Some 10% of large UK pension funds now invest in hedge funds, according to a survey by Mercer Investment Consulting.
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AP7 puts hedge funds on watch
SWEDEN – Sjunde AP-fonden, the roughly SEK66bn (€7bn) Seventh Swedish Pension Fund or AP7, has put its only two fund of hedge fund mandates on a watch list due to underperformance and administrative issues.
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Commodities the new hedge funds - Credit Suisse
UK – Commodities could become more popular than hedge funds among institutional investors, according to Credit Suisse.
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ABN AMRO boosts hedge funds business with IAM buy
UK - ABN AMRO is buying the fund of hedge funds manager International Asset Management (IAM) in order to strengthen its own fund of hedge funds offerings.
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Hedge funds reduce portfolio risk - Edhec
EUROPE - Using hedge funds can halve the probability of extreme loss in a portfolio, according to a new study from Edhec Risk and Asset Management Research Centre.
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20% of UK schemes invest in hedge funds - NAPF
UK – Around one in five large UK pension funds have some exposure to hedge funds, the National Association of Pension Funds says.
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Features
Hedge funds under scrutiny
Until recently, hedge funds were considered as a ‘black box’ which aimed to deliver absolute returns and stipulated cash as a benchmark. Current research conducted at the London Business School’s hedge fund research centre focuses on two issues. The first pertains to the systematic risks of hedge fund strategies while ...
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Features
Hedge funds - too late again?
Germany introduced an innovative hedge fund regulation on 1 January last year. But German investors, including institutions, have yet to invest significantly in hedge funds, while international institutional investors are increasing their exposure to hedge funds and are even being attracted by German-regulated hedge funds. Are Germans missing the boat ...