ASIA-PACIFIC - It is not that the Asia-Pacific had a lousy year...
It is more that investors feel that hedge fund managers could have done so much better, according to Bank of Bermuda AsiaHedge.
However, a difficult second half in 2002 saw hedge fund managers’ gains pegged back.
By year-end, the medians saw Australia leading the way. It put on 5.1% in 2002 compared to an 11.5% drop in the Australian All Ordinaries.
It did the best in December, too, putting on 0.6%. All the other strategies disappointed.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.