Hedge Funds – Page 14
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News
European schemes shun hedge funds – Greenwich
EUROPE – European pension funds have not followed through on expectations that they would increase their use of hedge funds and private equity, according to new research from Greenwich Associates.
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Dutch regulator concerned about hedge funds
NETHERLANDS – The Dutch financial regulator AFM says hedge funds’ lack of transparency is a cause for concern – and that investors don’t have enough understanding of the funds’ investment policies and risk profiles.
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AP2 shifts €100m out of hedge funds
SWEDEN – Andra AP-fonden, the Second Swedish National Pension Fund, has shifted almost SEK1bn (€100m) into equities following the cancellation of nine hedge fund mandates due to the “cannibalism” of resources.
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IPE-QUEST: €10.6bn fund tenders hedge funds/TAA
EUROPE - A $13bn (€10.6bn) European pension fund has tendered for up to five global macro hedge fund/tactical asset allocation (TAA) overlay managers via IPE-Quest.
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“Discontinuous event” fears for hedge funds – S&P
GLOBAL – The growth of hedge funds and the derivatives they use may amplify the impact of the next “discontinuous event”, Standard & Poor’s has warned.
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Trustees have “extreme unease” about hedge funds
EUROPE – A new report says pension fund trustees need education about hedge funds amid “extreme unease” about some of the funds’ inherent features.
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Handbook flags directive’s impact on hedge funds
IRELAND – The European savings directive on the funds industry will have an impact on Hedge funds and hedge fund of funds, according to a handbook from Dublin- and London-based funds consultancy Carne Global Financial Services.
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Hedge funds own 3.8% of UK market – SSGA
UK – State Street Global Advisors says it estimates that hedge funds own around 3.8% of the UK equity market.
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German BVI sees no need to regulate hedge funds
GERMANY - Fund industry association BVI has urged the government not to tighten regulation of hedge funds active in Germany, arguing that current rules are sufficient.
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Hedge funds ‘should be part of core portfolio’
SWITZERLAND - Hedge fund investments should be part of the core as well as satellite portfolio – according to a professor at the Edhec French business school.
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Austria’s APK wary of funds of hedge funds
SWITZERLAND - The head of investments of the €1.8bn Austrian multi-employer scheme APK has warned against funds of hedge funds.
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“We love hedge funds” - Deutsche Börse
GERMANY – A top executive at the Deutsche Börse has said how much the exchange values hedge funds due to the turnover they bring.
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‘Over 75 UK schemes’ allocate to hedge funds
UK – More than 75 UK pension funds have made allocations to hedge funds, according to a report from Morgan Stanley.
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Features
Shaping tomorrow's hedge funds
The writer Mark Twain memorably pronounced that reports of his death were greatly exaggerated. Today he could be suggesting a similar sentiment about hedge funds. Overall trends suggest hedge funds are here to stay. Consider that the average hedge fund had its 17th consecutive positive year in 2004, showing a ...
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German insurers invest €5bn in hedge funds despite scandal
GERMANY- German insurers have invested about €5bn, or more than four times previous estimates, in hedge funds in 2004, according to its trade body (GDV), and are now more worried about poor performance than the latest hedge fund scandal.
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Features
Hedge funds provide good return for Shell
Stichting Shell Pensioenfonds, the e13.7bn scheme of the oil giant, made a 6.9% return on its hedge fund investments in 2004. “On the hedge fund portfolio a return of almost 7% was achieved,” the scheme says in a statement on its website. Hedge funds, including currency hedging, account for 5.5% ...
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Features
Hedge funds by another name
According to Mercer’s study of UK pension fund asset allocation, tactical asset allocation (TAA) is also anticipated to become more popular, with the proportion of schemes using TAA expected to rise from 3% in 2004 to as much as 10% this year. David Tucker, of the UK arm of Australian ...
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News
European schemes ‘like hedge funds in FX market’
EUROPE – Large continental European pension schemes with currency mandates are in effect acting like hedge funds in the foreign exchange market, says a top currency manager at State Street.
