Diminishing returns from many hedge funds and the Madoff fraud have caused institutional investors to intensify their due diligence on hedge funds, and demand more liquidity, transparency and lower fees, according to research from alternatives specialist Preqin.
Callan, Mercer deal threatens independent consulting model
The future of independent consulting firms in the US is under threat as one of the largest truly independent firms, Callan Associates, signs a definitive agreement to merge with global giant Mercer.
Risk levels at discretion of AP7 as more ‘alpha centres’ added
AP7, the default fund within Sweden’s PPM system, is in for a shake-up with a raft of changes set to take effect in May next year. Kristen Paech talks to chief investment officer Richard Grottheim about the fund’s new remit and how its portfolio is tracking. As the global crisis hits home, many pension funds … Read more
ADIC opens up MENA for big German bank
The Abu Dhabi Investment Company (ADIC) has become an investment advisor to Germany’s second largest private bank, BHF-BANK.
Malaysian investments favour domestic, cross-border strategies
To combat the financial crisis, Khazanah Nasional Berhard, the US$25.7 billion investment arm of the Malaysian government, will focus on catalysing domestic economic growth and continuing its program of strategic cross-border investments.
CalPERS flooded with consultant RFPs after changes to wish-list
CalPERS has received 17 applications in response to its RFP for a general pension consultant services spring-fed pool – four times the applications of its last review – and will select consultants during its April 20 investment
committee meeting.
