SWITZERLAND - Partners Group, a global alternatives asset manager, has decided to expand its strength in the Asian market by cooperating with Sumitomo Mitsui Asset Management (SMAM) in Japan.
The two firms opted for the arrangement after a SMAM market survey revealed its clients had identified a growing interest in access to private equity.
SMAM also acts as an adviser to several corporate Japanese pension plans regarding investment strategy. It manages around US$100bn for Japanese pension plans through discretionary accounts and retail clients through investment trusts.
In a separate development, Partners Group told Global Pensions in April this year it would invest more in Collaterised Loan Obligations (CLOs) if the arbitrage opportunity remained intact.
Whilst stressing the complexity of the CLO market, Rene Biner, partner and head of private debt at the Swiss asset management firm, said that broadly speaking, if economic conditions remained the same, pension fund interest in these structured debt products could be expected to increase.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.