US - Hedge fund assets grew by 23.6% as a result of increased allocations by pension funds in the year up to September 2007, research by The Conference Board shows.
The report showed pension funds had been increasing the investments they made in hedge funds during the past three years, with the largest 200 US employee retirement plans with defined benefit assets in hedge funds.
The amounts invested in hedge funds by these pension funds rose from an insignificant amount in prior years to $29.9bn for the year ended September 30, 2005, $50.5bn for the year ended September 30, 2006, and $76.3bn for the year ended September 30, 2007.
However, this represented a fairly small percentage of total assets for these pension funds - 0.7% in 2005, 1% in 2006 and 1.4% in 2007.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.