Thu, May 25, 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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom