UK - Bluebay Asset Management has established a new structured products and fund derivatives group.
The London-based specialist fixed income manager says the move will allow it to enter the collateralised debt obligation market while managing the non-investment franchise risk involved.
The new unit will be managed by Alex Khein, who joins BlueBay from Morgan Stanley where he was head of European product structuring and execution. Ultimately, the firm hopes to establish an asset-backed securities group to manage both structured product content and standalone funds.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.