Tuesday, 2 September 2014
Last updated 15 min ago
Feb 19 2013 | 9:00am ET
Danish pension fund ATP isn't stopping at the closure of its internal hedge fund unit.
The US$112 billion pension manager will merge its hedge fund platform into its main portfolio, the Financial Times reports. The move follows ATP's decision to close its US$1.9 billion ATP Alpha unit and part ways with its 15 portfolio managers in December.
ATP's acting chief, Henrik Gade Jepsen, said the pension would seek out cheaper and more transparent alternative beta strategies to replace the hedge funds.
"I'm not saying that alpha [no longer exists], but it is very difficult, time-consuming and expensive to extract," Gade Jepsen told the FT.
The move will indeed save ATP money; its investment team now numbers only 18, down from 35.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...