UK - Pension scheme interest in private equity investment has risen from 21%to 30% over the last year, research by JPMorgan Fleming shows.
The survey was designed to assess scheme attitudes to alternative investments in light of their promotion in the Myners review.
The fund manager’s survey found that schemes were less enthusiastic about hedge funds – only 15% thought that the Myners review would result in an increase in hedge fund investment.
JPMorgan Fleming client adviser Stephen Hobbis commented: “Our survey concentrated on the largest UK pension plans, 44% of which already invest in private equity.”
In this context, 30% of respondents stating that they had reappraised their attitudes is a sizeable impact.
Hobbis added: “Given the lower incidence of investment in hedge funds (only 8%), and that the focus of Myners was on private equity, it is no great surprise that Myners has had a smaller impact on attitudes towards hedge funds.”
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