{"id":4163,"date":"2006-03-22T00:00:00","date_gmt":"2006-03-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"germanys-bvk-to-allocate-1bn-to-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2006\/germanys-bvk-to-allocate-1bn-to-hedge-funds.html","title":{"rendered":"Germany&#8217;s BVK to allocate 1bn to hedge funds"},"content":{"rendered":"<p>  <span class=\"ArticleBodyText\">IPE.com &#8211; Bayerische Versorgungskammer (BVK), Germany\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest pension fund with \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac38bn in assets, plans to raise allocations to hedge funds to \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1bn by the end of 2006  &#8211; from \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac150m currently.<br \/><\/span><\/p>\n<p>  <span class=\"ArticleBodyText\">In late 2004, BVK decided to begin investing in hedge funds and hired German consultant Alpha Portfolio Advisors for three initial fund-of-fund mandates. Those  mandates were awarded to one US hedge fund provider and two Swiss ones.<br \/><\/span><\/p>\n<p>  <span class=\"ArticleBodyText\">Speaking at a hedge fund conference in Frankfurt yesterday, BVK chief investment officer Daniel Just said the BVK would raise hedge fund allocations to \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1bn by the end  of 2006 and to 5% of total assets in the long term.<br \/><\/span><\/p>\n<p>  <span class=\"ArticleBodyText\">Just noted that in its first year of exposure to hedge funds, the BVK achieved a return of 7% &#8211; above its own target of 5% and above the average for the asset class in  2005.<br \/><\/span><\/p>\n<p>  <span class=\"ArticleBodyText\">Meanwhile, Christian Schlenger, managing partner at Alpha, confirmed to IPE that the consultant had been retained to advise BVK on its future hedge fund investing. The  consultant handling the BVK account is Hubert Dichtl, who along with Jochen Kleeberg, Alpha\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s other managing partner, published a handbook on hedge fund investing in 2005.<\/span><\/p>\n<p>  <a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.ipe.com\/article_default.asp%3Farticle%3D20483&amp;cid=0\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPE.com &#8211; Bayerische Versorgungskammer (BVK), Germany\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest pension fund with \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac38bn in assets, plans to raise allocations to hedge funds to \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1bn by the end of 2006 &#8211; from \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac150m currently. In late 2004, BVK decided to begin investing in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4163","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4163"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4163\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}