Hedge Funds – Page 15
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News
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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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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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.
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Consultants ‘putting UK schemes off hedge funds’
UK – Consultants’ advice and the perception of risk are putting UK pension schemes off investing in hedge funds and private equity, JP Morgan Fleming Asset Management says.
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South Yorkshire invests in Hermes hedge funds
UK - The £2.7bn (€3.91bn) South Yorkshire Pensions Authority has made “an initial investment” in the Guernsey-domiciled fund of hedge funds vehicle launched by Hermes Pensions Management.
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Shell scheme makes 6.9% return on hedge funds
NETHERLANDS – Stichting Shell Pensioenfonds, the €13.7bn scheme of the oil giant, made a 6.9% return on its hedge fund investments in 2004.
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Features
Hedge funds in the mainstream
Hedge funds have now moved into the mainstream with 32% of European institutions now using them, Greenwich Associates says. “Among European institutions, the proportion using hedge funds jumped to 32% in 2004 from 23% a year earlier,” the Connecticut-based consulting firm sasy. It added that US institutional use climbed to ...
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German fund body defends hedge funds
GERMANY – The head of the German fund industry association BVI has dismissed the view that hedge funds have flopped in Germany.
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German brokerage group BCA slams hedge funds
GERMANY - BCA, Germany’s largest pool of independent financial brokers, has sharply criticised hedge funds, saying the products are both too costly and have performed poorly over the past few years.
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Hedge funds are asset industry’s iPods – Merrill
GLOBAL – Merrill Lynch, predicting a rise in the use of alternative asset management in Europe in 2005, has likened hedge funds to Apple’s iPod portable music system.
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Mercer survey: focus on liabilities, hedge funds
EUROPE - Liability-driven investment and hedge funds are seen by asset managers as the biggest growth areas for pension funds in 2005, according to a survey by Mercer Investment Consulting.
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RCP sees E47bn demand for German hedge funds
GERMANY - Investor demand for German-domiciled hedge funds, which made their debut at the start of 2004, should grow to an average of 47 billion euros four years from now, according to a study by RCP & Partners.
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BNP Paribas boosts fund of hedge funds business
EUROPE – BNP Paribas Asset Management has boosted its fund of hedge fund business with an agreement to buy a stake in partner firm Fauchier Partners.
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BT to invest in hedge funds via new Hermes fund
UK – The 34 billion-euro BT Pension Scheme’s allocation to hedge funds is to be invested via a Guernsey-domiciled offshore vehicle run by Hermes.
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Call for hedge funds to adopt code of conduct
GLOBAL – Managers dealing in unregistered hedge funds are being invited to adopt a draft code of conduct presented by the CFA Centre for Financial Market Integrity.
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Hedge funds will lower VaR - Watson Wyatt
IRELAND- Hedge funds produce lower returns than equities but cut risks according to a senior figure at Watson Wyatt in Ireland.
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UK’s Dorset allocates to hedge funds in revamp
UK - The 900 million-pound (1.3 billion-euro) Dorset County Pension Fund has allocated five percent of its portfolio to hedge funds investments as part of a review of investment strategy.
