Wed, Oct 1, 2014
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

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  4. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  5. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba