Alternative Investment

UK - Start-up investment manager Carduus Capital has become the latest hedge fund investor to offer to refund part of its fees if it does not perform as institutional clients expect.

Professional Pensions presents a spotlight on alternatives in association with BlackRock

The Alternative Investment Fund Managers directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.

JAPAN - Mizuho Global Alternative Investments aims to raise ¥100bn ($1.2bn) in three years after starting this month to help Japanese pensions invest in hedge funds.

UK - Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

GLOBAL - London hedge fund manager Cheyne Capital Management has raised more than $100m for its Event Driven fund since launch a year ago with about half coming from European and UK pension funds.

Zuhair Mohammed of Hewitt looks at how schemes can balance managing risk with achieving investment targets

UK pension funds are lagging behind their Scandinavian counterparts in allocating to alternative asset classes, a consultant says.

GLOBAL - Pension funds will become bigger investors in leveraged loans because the asset class provides more stable returns than equity and high-yield bonds, according to Harbourmaster Capital Management.

As equities underperform, interest in alternative investment has grown. Laura Blows discovers how small to mid-sized pension schemes can access this strategy