Kvaerner Pension Fund (Kvaerner) has appointed JPMorgan Alternative Asset Management to manage a new hedge fund of funds mandate worth £25 million (approximately $40 million). This is the first time Kvaerner has taken the decision to employ a hedge fund strategy in managing its pension fund assets. The £25 million mandate has been invested in a multi-strategy hedge fund of funds. Scott Stein, Vice President, JPMorgan Alternative Asset Management, said: ‘Kvaerner’s allocation demonstrates the growing trend we are seeing among institutions in the UK in the use of hedge fund strategies – where institutions are increasingly looking at alternative investments to enhance the return and reduce the risk in their portfolios.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more