Wednesday, 25 November 2015
Last updated 1 hour 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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…