News

GLOBAL - The rebound in market liquidity since the credit crunch has spelled good news for some pension funds locked into hedge funds during the crisis, as some prominent funds have returned cash to investors sometimes years earlier than expected.

The rebound in market liquidity since the credit crunch has spelled good news for some pension funds locked into hedge funds during the crisis, as some prominent funds have returned cash to investors sometimes years earlier than expected.

Transparency and liquidity risk have overtaken poor performance as the top concerns for institutional investors with hedge fund allocations, research shows.

GLOBAL - Transparency and liquidity risk have overtaken poor performance as the top concerns for institutional investors with hedge fund allocations, research shows.

Control of Freedom SIPP has been given to Mattioli Woods by the scheme's liquidators.

US - President Barack Obama's sweeping reforms to the banking industry proposed yesterday were generally welcomed by global asset management figures, but some warned they may cause short-term losses for pension funds, large holders of US bank shares....

IRELAND - Bank of Ireland (BoI) has appointed Brian Forrester, the former head of Bank of Ireland Life, to lead a review of the firm's defined benefit fund and look at ways to tackle its €1.5bn (US$2.12bn) pension deficit.

TAIWAN - BNP Paribas Investment Partners will strengthen its asset management presence in Asia with a new joint venture in Taiwan.

US - Staff at the California State Teachers Retirement System want to expand the range of active versus passive management they can use in the global equity portfolio, stating the current policy is too restrictive.

Penfida has made three appointments in response to growing demand from pension trustees.