Category: Hedge Funds InvestorsDeutsche Bank and Financial Risk Management (FRM – $9 billion AuM) have partnered to launch the industry’s first hedge funds seeding managed account platform. The ‘dbalternatives Discovery’ platform will be based on Deutsche Bank’s dbalternatives managed account platform which was established in 2002 and currently has $12 billion under management. FRM’s hedge funds seeding division, [...]
The fifth annual survey of institutional hedge funds conducted by SEI and Greenwich Associates has found that: Nearly 38 percent of investors plan to increase their allocations to hedge funds over the next 12 months – down from 54 percent a year earlier. Hedge funds represented 16.7 percent of institutional portfolios in 2011, versus 12 [...]
The US$228 billion California Public Employeesʼ Retirement System is likely to increase or maintain hedge fund investments next year, according to the fundʼs CIO Joseph Dear in an interview withBloomberg in Hong Kong. Calpers currently has around $5.2 billion in hedge funds, equivalent to 2 percent of its total AUM. 60 percent of its hedge fund investments are made directly by [...]
The University of Sydneyʼs $800 million endowment fund could increase its allocation toalternatives, according to I&T News citing Gregory Fernance, director of the investment and capital management office at the university. The endowment currently has about 80 per cent to 85 per cent allocated to traditional asset classes and 20 to 25 percent to alternatives. “It (alternatives) could be higher,” [...]
Preqin has released its report on the ʻInstitutional Investor Outlook for Hedge Fundsʼ in 2012. Key findings… • Satisfaction with hedge fund performance fell in 2011, with 40 percent of investors interviewed experiencing returns that did not meet their expectations. (28 percent in 2010 and 27 percent in 2009). • However, 53 percent intend to keep [...]
Higher allocations to alternatives and lower Australian equities exposure are the key explanations for better performance by not-for-profit superfunds vs retail funds, according to research by SelectingSuper (part of the Rainmaker Group) SelectingSuper’s performance index for not-for-profit funds shows 10 year returns of 5.2 percent pa compared to retail funds with 3.3 percent pa. Not-for-profit [...]
Australia’s $73.1 billion Future Fund has disclosed its asset allocation as at 30 September 2011. The main changes since the June quarter are a 3.2 percentage point jump in alternative assets to 21.6 percent of its portfolio (its largest asset class) and a 2 percent rise in cash. (It should be noted that the Future [...]
Pyramis Global Advisors (a $176 billion unit of Fidelity Investments) has released its 2011 Pyramis Asian Pulse Poll – a survey of 95 institutional investors in Japan, South Korea, Taiwan, Hong Kong, Singapore and China. Highlights; The top two changes that Asia ex-Japan institutions are likely to make to their investment mix are a greater [...]
MLC expects to increase allocations to alternative assets in its Horizon fund series, according to MLC’s investment manager Michael Karagianis speaking to Investor Daily. MLC senior investment specialist Andrew Connors told Investor Daily the current exposure to alternatives in MLC’s flagship Horizon 4 fund ($13.5 billion AUM) stood at 6 percent. The firm is conducting due [...]
Bloomberg recently profiled three family offices in Singapore. Clinton Ang, managing director of wine and spirits distributor Hock Tong Bee Private, told Bloomberg that 90 percent of the S$100 million Ang family’s investable assets are currently in cash. 38-year old Ang describes himself as a follower of Templeton Asset Management’s Mark Mobius. William Chan, CEO [...]
