LONDON From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt.
Recent Pension News
LONDON European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of energy companies focused on fossil fuels.
LONDON Legal & General is to sell a closed savings business with 33 billion pounds in assets to Swiss Re for 650 million pounds to help fund areas of growth including annuities.
LONDON A year ago, the consensus view of the world economy and markets coming into 2017 was for a Goldilocks mix of strong growth, decent corporate profits, low volatility, a gradual drift higher in bond yields, and a continued "melt up" in stocks.
LONDON Shares reacted much more violently than usual to surprises in company results in the latest quarterly reporting season as investors put a laser-like focus on earnings, generously rewarding winners but mercilessly punishing laggards.
LONDON More households in Britain expect a deterioration in their finances than an improvement for the first time in three years, with much of it linked to the Brexit vote in 2016, a survey published by the Bank of England showed.