UK - The economic climate could not be better for schemes to move into private equity, delegates at Mercer's Global Investment Forum heard.
JPMorgan Fleming Asset Management portfolio manager Thomas McComb said the conditions for growth in the asset class were improving and institutional investor interest was on the increase.
McComb said that pick-up in both investment pace and exit activity showed that signs were good for a return to private equity after funds shied away following the attacks on the World Trade Centre.
He said: “There are now more firms raising funds but looking for less capital than there has been for years. Strong investor interest has shown that private equity is back on many investors lists and the economic climate couldn’t be better for a move back towards it.”
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.