英国养老基金寻求私人股本.docVIP

Title: UK pension funds seek private equity, hedge funds -report. Source: Global Investor. May2014, Issue 278, p341-341. 1p. Document Type: Article Subject Terms: *PENSION trusts ; *RESEARCH ; *INVESTMENTS ; *HEDGE funds ; *ALTERNATIVE investments ; *HEDGING Finance ; *DIVERSIFICATION Finance ; *FUNDS-of-funds Investments NAICS/Industry Codes: 525910 Open-End Investment Funds ; 523930 Investment Advice ; 523999 Miscellaneous Financial Investment Activities ; 525110 Pension Funds ; 526112 Non-trusteed pension funds ; 526111 Trusteed pension funds Abstract: The article discusses the highlights of investment consultant Watson Wyatts report which noted that pension funds continued to diversify into alternative asset classes such as direct private equity and hedge funds in 2008. Topics discussed include the drawbacks of diversification using alternative asset classes and the decline in the number of mandates for fund of hedge fund as a proportion of total hedge fund searches. Full Text Word Count: 613 ISSN: 0951-3604 Accession Number: 座机电话号码 Full Text: UK pension funds continue to diversify into alternative asset classes in 2008, particularly into direct hedge funds and direct private equity, but significantly less into real estate. A report from investment consultants Watson Wyatt said diversification using alternative asset classes is now commonplace but it comes at a price with large demands on governance budgets and high fees. Paul Trickett, European head of investment consulting at the firm said: We have seen progress through better aligned fee structures recently and more pension funds are now either raising their game, by adding to their governance, or simplifying their strategy by moving to lower cost, passive solutions. These developments bode well for a better value proposition in this area. In 2008, Watson Wyatt conducted 30% more searches for direct hedge funds compared with the previous year, while fund of hedge fund mandates fell as a proport