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.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
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PP has compiled a list of what to watch out for over the coming months.
Willis Towers Watson's LifeSight is the first master trust to be granted authorisation by The Pensions Regulator (TPR).