Tue, Apr 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss pension funds shy about hedge funds, but not CERN

Tuesday, December 18, 2012

amb
Gregoire Haenni
Benedicte Gravrand, Opalesque Geneva:

Swiss allocators and fund managers at the recent Opalesque Geneva Roundtable agreed that non-U.S. pension funds are generally twice shy about investing in the hedge fund world; although single hedge funds have more a chance of finding institutional money than funds of hedge funds, some say other alternative products now seem to be their main way of diversifying away from bonds and equities.

In this article we cite two exceptions to this trend: CERN Pension Fund, which has been investing in hedge funds for about two years and recently increased its allocation, and Argos Investment Managers, a new Geneva-based fund manager with two new products that got seeded by Swiss pension funds.

The CERN exception At the end of 2010, the governing board of the Geneva-based CERN Pension Fund decided to invest directly in alternative investments, and started with a portfolio of CHF100m ($108.9m); according to Grégoire Haenni, CIO of the CERN Pension Fund, the investment committee liked the slightly positive performance of that year and decided, along with the fund’s risk consultant, to increase the allocation. CERN is a rare case among European pension funds.

"On a global scale we see a lot of inflows into alternative investment funds, but it mainly comes from U.S. institutional investors," Haenni continued. "Some flows ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner