F&C ASSET Management is launching a listed fund of hedge funds. The F&C Event Driven Fund will be listed in London in the second quarter of 2007. The fund already has capital commitments of £85m, said a spokesman.
The new closed-end investment company will have an underlying portfolio of between 20 and 40 hedge funds selected and monitored by F&C’s dedicated fund of hedge fund business, F&C Partners. The funds will...
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.