Mon, Apr 24, 2017
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. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  2. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f

  3. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int