Sun, Jul 3, 2022
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. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  2. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  3. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  4. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year

  5. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve