Sunday, 28 December 2014
Last updated 3 days ago
Apr 27 2009 | 2:04am ET
European defined benefit schemes are reducing their reliance on domestic assets and increasing their allocation to non-traditional asset classes, according to a new report.
Mercer’s annual survey of pension funds reveals that schemes in the U.K. favor hedge funds, global tactical asst allocation, and active currency, while other European plans prefer commodities and high-yield bonds. Going forward, the survey suggests that these trends are set to continue with additional allocations to a broader spread of alternatives.
The survey also highlights operational risks coming under greater scrutiny.
“Many active manager appointments were reviewed and not renewed following poor performance in a market that was driven by fear rather than fundamentals,” according to Mercer. “In many cases, counterparty risk and collateral management are high on the agenda for the coming year as more and more schemes include liability-driven investments, stock lending and various derivative strategies within their portfolios.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.