Thursday, 2 October 2014
Last updated 7 sec 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...