Alternative Market Briefing

Institutions – Dutch pension manager PGGM phasing out of FoHFs investing in favour of direct investments, Cerulli: Asia ex-Japan’s pension sector offers global fund managers long-term asset gathering potential

Monday, February 22, 2010

Dutch pension manager PGGM phasing out of FoHFs investing in favour of direct investments From Globalmoneymanagement.com: Pension fund asset manager PGGM Investments is shaking up its hedge fund strategy. The Zeist-based group, which administers EUR87bn in assets, is phasing out fund of hedge funds exposure in favour of direct investments, said Spokeswoman Diana Abrahams.

Fund of funds allocations currently account for two thirds of the EUR1.7 billion hedge fund portfolio. PGGM will gradually eliminate this asset class, terminating its fund of hedge funds managers in the process. ... Full article (subscription required): Source

Cerulli: Asia ex-Japan’s pension sector offers global fund managers long-term asset gathering potential Intensifying demographic pressure will force Asia ex-Japan to boost retirement assets over the next few decades, creating significant opportunities for global fund managers, according to Cerulli’s latest report: Asia Pensions: An Emerging Opportunity. Much of Asia is set to age dramatically in the years ahead, requiring governments in the region to take steps to increase the level—and performance—of retirement funds, including increased overseas investing with the help of international asset managers.

“Asia ex-Japan’s investable pension assets will grow by 55% between 2009 and 2013 to more than US$1.1tln, while add......................

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