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.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.