UK - Platinum Capital Management has launched a hedge fund investing in long/short government securities.
The Platinum Premier fund will target returns of 10-18pc per annum net of fees and will seek to exploit intra-day distortions in the yield curve of UK, US, and EU sovereign debt.
To hedge and enhance returns it will also use a short-term interest rate arbitrage.
Platinum Capital Management chairman Peter Sprecher said: “We strongly believe this consistent, low volatility strategy should prove compelling for all types of investor particularly now there is a recognition that funds with a low or zero correlation to equities are key investments in the current economic climate.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers