GLOBAL - Hedge funds have bounced back after a see-sawing summer, according to the EDHEC Risk team.
In its latest performance update EDHEC explained the month of September was notable for the strong rebound in the stock markets following the US Federal Reserve’s decision to lower its main intervention rate by 50 basis points.
EDHEC found market volatility had declined significantly after having reached record levels since the beginning of the war in Iraq and the end of the bear market.
The performance of the fixed-income markets fell well short of that of the previous month, but remained positive, said EDHEC, and the price of raw materials rose to new historical levels, advancing by more than 10%.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.