Global Pensions | 11 Mar 2010
EUROPE/US – The European Commission has hit back at a letter by US Treasury secretary Tim Geithner warning the implementation of the hedge funds directive could cause a transatlantic rift by discriminating against US firms.
GLOBAL/EUROPE – The Institutional Limited Partners Association (ILPA) has criticised the Alternative Investment Fund Managers (AIFM) directive for reducing European Union institutional investors’ access to private equity investments.
GLOBAL – The perfect storm battering hedge funds, of looming regulation worldwide and political vilification in Europe, has not deterred aspiring managers from launching products, as start-ups outnumbered liquidations in the fourth quarter of last year.
GLOBAL – Total assets under management by sovereign wealth funds (SWFs) grew to US$3.5trn over the past year in the wake of a recovery in global equities markets, a report by Preqin revealed.
GLOBAL – A growing number of hedge funds are launching with lock-ups as investors return to illiquid hunting grounds they left during the crisis.
GLOBAL - A group of 14 global pension schemes and institutional investors have launched a study to look at the potential impact of climate change scenarios on strategic asset allocation.
Raquel Pichardo-Allison introduces the March 2010 issue of Global Pensions.
EUROPE – The Institutional Investors Group on Climate Change (IIGCC) has released guidelines for pension funds meant to help investors evaluate the impact climate change will have on their private equity portfolios.
EUROPE – Hedge fund trade bodies have reacted with some dismay to the Committee of European Securities Regulators’ (CESR) proposal for a pan-European disclosure regime for short selling.
The service providers of the year were presented their awards at a celebration at the Grosvenor House Hotel in London, last night - entertained by the dynamic speaker Gyles Brandreth. The winners are…
GLOBAL – Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive Mohamed El-Erian said.
EUROPE – The current version of the Alternative Investment Fund Managers (AIFM) directive does not have the qualified majority support in the in the European Council (EC) needed to pass, a document by the EC showed.
US – The Teachers' Retirement System of the State of Illinois (Illinois TRS) has terminated BlackRock from a US$643.5m domestic enhanced equity mandate for poor performance and hired a slew of other managers.
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EU hits back at Geithner on AIFM directive
ILPA criticises AIFM provisions on private equity
Wilshire private equity CIO resigns
Shell shifts to passive management and caps active exposure
Currency management forum London