Fri, Apr 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Towers Watson catalogues global pension changes over 2012

Thursday, March 28, 2013

Beverly Chandler, Opalesque London: Global news on pension fund investment issues from Towers Watson’s latest Global Investment Matters finds that from Germany to Japan, hedge funds and new regulations are having an impact.

The firm reports that while German investors could be pleased with their investment performance in 2012, a number of regulatory changes loom on the horizon, opening with the revision of the EU IORP Directive which is expected to lead to the introduction of risk-based capital charges.

The firm writes: "A major overhaul of German investment law is due to come into effect by June 2013 as part of the adoption of the EU Alternative Investment Fund Managers Directive. Originally intended to regulate hedge funds, the Directive has the consequence of so-called Spezialfonds falling under its scope. Spezialfonds are institutional fund vehicles commonly used by pension funds to bundle their portfolio investments to gain certain accounting and tax advantages. The new rules will increase the disclosure requirements for these funds leading to an expected increase in costs."

In Japan, Towers Watson’s consultants report that after $2.5bn fraud committed by a hedge fund manager, the Japanese corporate pension fund system is facing a turning point. "The majority of victims were Employees’ Pension Funds (EPFs), which ar......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its