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Opalesque Exclusive: German endowment plans putting 6% into single manager hedge funds
From Florian Guldner, Opalesque Europe: According to published reports, German Hertie-Stiftung, a foundation sponsoring projects in the fields of neurosciences, European integration and learning democracy, with assets of approximately EUR900m has decided to strongly increase allocation to alternative investments.
"We have decided to invest about 6% of our assets in hedge funds. This process is under way", said Holger Benke, the foundation's director.
The foundation will use a structured product set-up for this for this. Asked for the reasons, Benke mentioned avoiding tax risk as well as the advantage of easy valuation.
Hertie-Stiftung will set up two portfolios, one investing in 12 - 14, the other investing in 20 single manager hedge funds. Corporate webpage: Source
Pension funds seek leveraged loan deals, potential boost to cash starved system
From FT.com: Pension funds are starting to move into the market for loans that fund indebted companies and buy-outs as they see opportunities for investment bargains. The funds' new investment, although still a small part of the loan market, is a potential boost to the cash-starved lending system. In the past six to eight months, US pension funds have allocated money to invest in leveraged loans through fund...................... To view our full article Click here
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