News

Pension funds will become bigger investors in leveraged loans because the asset class provides more stable returns than equity and high-yield bonds, according to Harbourmaster Capital Management.

GLOBAL - Investec Asset Management said it's selling government bonds and betting U.S. interest rates will rise as concern economic growth is faltering is "overdone".

City Financial has launched an Asia fund of hedge funds aimed at pension funds and other institutional investors.

GLOBAL - Investors in struggling money market funds are less likely to receive financial support from fund sponsors post-crisis, research from Moody's warns.

UK - PricewaterhouseCoopers is to close its two defined benefit pension schemes to future accrual from next April.

SOUTH AFRICA - SEI Investments (South Africa) has hired Giles Mokoka as managing director in Johannesburg.

SWEDEN - Towers Watson has expanded its footprint in the Nordic region with the acquisition of consulting firm HRS.

GLOBAL - Pension funds will become bigger investors in leveraged loans because the asset class provides more stable returns than equity and high-yield bonds, according to Harbourmaster Capital Management.

AUSTRALIA - Government superannuation plan the Future Fund has invested €450m ($579m) in UK leveraged finance provider Haymarket Financial (HayFin) ahead of the launch of the firm's new asset management business.

The Pension Protection Fund has contracted Club Vita to provide longevity services for the schemes it controls.