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.
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
Plans to invest more than £3bn in strategic initiatives
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.