GLOBAL - Market conditions have made private equity and venture capital investments an attractive option, according to Bramdean Asset Management.
In an historical context, Horlick said she felt opportunities in the market were similar to those following the dotcom crash, with reduced asset prices.
"The chances are that, if these companies are patient, deals will become even cheaper. Private equity deals are likely to involve more equity and less debt than they have in the past.
Venture capital does not use leverage in any case, so should be very well placed in this environment," she said.
Overall, Horlick said she felt wider market conditions would remain difficult for the next two or three years as the effects of the credit crunch worked their way through company balance sheets.
"We have been negative about equity markets for the past eighteen months and we do not see any let up in the near future. When the effects of the economic slowdown work their way through into company earnings forecasts, then there is likely to be further significant weakness," Horlick said.
As a result, she said this underlined the need for investors to diversify their portfolios and seek greater exposure to absolute returns strategies.
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.
It has again been suggested self-employed workers could enjoy pension provision through the tax return process. James Phillips explores the latest proposals.