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.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
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Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
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