Mon, May 1, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opportunities for alternatives lie in private sector pension fund shortfall

Monday, November 05, 2012

amb
Shane Brett
Beverly Chandler, Opalesque London: In his latest white paper, Shane Brett of hedge fund consultancy firm Global Perspectives looks at the subject of Asset management & the future Global Pension Crisis, and how alternatives can help fill the gap.

Brett opens with a quote from The New York Times from 2010. "Prichard is the future, we�re all on the same conveyor belt. Prichard is just a little further down the road" Michael Aguirre wrote at the time.

Back in 2009 the small Alabama city of Prichard, outside Mobile became the first city in America to stop paying pensions to its retired workers. It actively chose, despite State court orders to the contrary, to put funding into services such as hospitals, street lights and teachers� salaries. The result has been that it could not fund the city�s pension liabilities and many affected retirees have now filed for bankruptcy or been forced back to work.

Brett says: "This is the future across the developed world". While private sector workers have known for some time that they are responsible for paying for their own futures lives in retirement, Brett says: "The big change over the next couple of decades will be in the public sector. This will be the inability of rich world governments to fund their public sector employee pensions."

Further troubles lie with the ageing populations across Europe. "The German economy m......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob