Thursday, 2 April 2015
Last updated 9 hours ago
Feb 9 2010 | 9:45am ET
Danish pension fund ATP is making a big move into alternative investments as its seeks to build a portfolio for “all weather.”
CEO Lars Rohde said the US$111.8 billion pension would double its allocation to private equity and pour up to 1 billion krone (US$183.7 million) per year into hedge funds. Currently, ATP has about 5% of its assets in p.e., a figure set to rise to 10%. Its hedge fund investments are managed by its internal alpha team, which currently has 5 billion krone (US$918.3 million) to play with.
Rhode told Reuters that his plan is designed to ensure ATP produces returns despite what the market may throw at it. But he warned hedge fund managers interested in a mandate that his expectations aside from returns are pretty high.
“I want to know what they are doing,” he said. “A fair structure grants transparency and, secondly, I will not go where we are paying all the costs and we would then share the gains”—ATP will seek clawbacks.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…