UK - Hedge fund managers have confirmed a sharp rise in interest from pension funds following reports that the £20bn Universities Superannuation Scheme is considering investing.
Director of hedge fund specialist HFR Asset Management John Godden said interest from pension funds had been incredible since the start of this year.
He said pension funds were putting together teams with specific mandates to go out and invest in hedge funds although the amount of money coming in is a small percentage of their overall portfolio.
He added: “In many ways the consulting community has been left behind although Watson Wyatt in particular are chasing pretty hard.
They have got a couple of good people who are looking into this but most are behind the curve in terms of what is available out there.”
Gartmore head of hedge funds Martin Phipps agreed that interest by pension funds had increased but said take up was still low.
He said Gartmore was taking a long-term approach, investing time in educating pension funds about the benefits hedge funds could bring.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).