INCLUDING: US - Private firms remain bullish; US - Quant funds shrug off concerns
US – Private firms remain bullish
The New York Times has reported that despite market volatility, Asian private equity firms remain ‘bullish’, with a pool of over US$35bn awaiting investment.
Analysts quoted by the paper said that pension funds were keen to invest in private equity firms as a way of riding out the current turbulence on the markets.
US – Quant funds shrug off concerns
The Financial Times reported that Renaissance Technologies and DE Shaw, two of the largest quantitative hedge fund managers, are raising money as they shrug off concerns over the poor performance of many computer-driven funds last month.
The newspaper said investment advisers predicted widespread withdrawals from the market-neutral quant-equity sector, even though a lot of funds recovered most or all of their losses.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.