GLOBAL - Hedge fund investments nose-dived at the end of last year, a survey by LJH Global Investments shows.
Its poll of 50 hedge funds found that investors put 20% less money into the asset class in the fourth quarter of 2002 than they did in the third quarter.
LJH also discovered that those hedge funds which invested in distressed companies – corporations that are bankrupt already or are sliding into insolvency – took in only US$21.7m (£13.6m) in new money last quarter, down from the US$32.7m (£20.4m) they received in the previous quarter.
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?