UK - Industry players' opinions is split down the middle as to whether the Financial Services Authority (FSA) should increase regulation on hedge funds, a Close Fund Management survey has revealed.
Almost 50% of respondents said they agreed with the FSA upping regulation on hedge funds, proving the industry is still unsure about the FSA's involvement in the space.
In spite of the split in opinion, 74% said that although hedge fund transparency was still an issue, more pension funds should have hedge fund exposure.
Hedge fund regulation has been a bone of contention within the pensions industry for a while. Some say tightening the reigns would make investments more attractive while others claim it would restrict opportunities and dynamism.
Marc Gordon, MD, Close Fund Management said: “Perhaps it is unsurprising that even within the industry there is still a degree of confusion regarding hedge funds in the UK. In 2001 there was around US$600m in assets under management in global hedge funds while the most recent figures for stand at over $1,300bn. This shows a significant growth of over 50% in a very short period of time."
The survey did confirm the majority believed hedge funds had a place in pension fund portfolios and more exposure should be undertaken.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.