INCLUDING: UK - Martin Currie deal; GLOBAL - Difficulties for hedge funds UK - NAPF appointments;
UK – Martin Currie deal;
Subject to regulatory approvals, Martin Currie has agreed to sell 17.43% of its equity to Crestview Partners and 7.47% to interests associated with Lord Rothschild.
The remaining 75.1% of the company will continue to be held by Martin Currie’s employees.
A spokesman for Martin Currie said the deal would benefit institutional investors.
GLOBAL – Difficulties for hedge funds
Roger Ibbotson, a professor at the Yale School of Management, and the partner, chairman and CIO of Zebra Capita Management LLC, has warned that the hedge fund industry will find it more difficult to generate alpha following the sub-prime crisis.
UK – NAPF appointments;
The National Association of Pension Funds (NAPF) has appointed Alan Chart as a policy adviser, specialising on regulation, at the organisation.
Meanwhile, Mark Brooks has joined as head of press and will be in charge of media relations for the NAPF.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up