Cutting equity exposure and increasing allocations to alternatives is one way that pension schemes have been adapting to the 'new normal'. Fiona Rintoul looks at how asset allocation is evolving.
Fund of funds (FoF) net sales in the UK exceeded £1 billion (€1.2 billion) in the second quarter.
Assets managed by the top 100 alternative investment managers globally exceed $3 trillion (€2.4 trillion),
The country's asset managers have been rationalising and strengthening their existing fund ranges. Stefanie Eschenbacher reports.
Sixty per cent of active equity mutual funds on average failed to outperform their benchmarks over the past 20 years - though in some years as many as 60% also beat it.
Trusts do not have intuitive commercial uses. Trusts developed as a mechanism to protect private wealth from everything from despotic monarchs to spousal claims; they did not develop to assist in the raising or combination of capital for business ends.
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