UK - More than 70% of UK institutional investors are looking to appoint fund of hedge fund managers, according to a new survey.
A poll conducted amongst over 100 institutional investors and consultants by Mellon Global Investments found that only 34.4% of those taking part had any exposure to hedge funds, while the rest appeared to need a greater understanding of alternative strategies before they decide to commit.
Institutional investors and consultants were keen on exposure to hedge funds to diversify portfolios and ensure low correlation with traditional asset classes, the majority looking at between 5-20% allocation. However, fees and regulation are concerns they share.
Another key factor that emerged was the need for improved transparency on underlying holdings from hedge fund managers.
Alan Mearns, head of marketing at Mellon Global Investments, said: “The poll highlights both the broad interest in hedge funds and the clear desire on the part of pension funds and consultants to have a deeper understanding of the products.”
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.