Between 2000 and 2002, US pension funds and endowments/foundations registered dramatic changes in their asset allocations, according to a report by Greenwich Associates. Through changes in portfolio strategies, active rebalancing, asset diminishment or a combination of these factors, funds greatly reduced their investment in domestic equity while proportionally increasing their fixed-income holdings. Although still a small part of overall assets, the move into alternative investments – private equity, hedge funds and equity real estate – has also been dramatic. The report also noted that 2002 saw the continuation of a dismal story for corporate pension funds. Among a sample of 380 large corporate pension funds, total assets declined 14.6 per cent in one year, from $1.35 trillion in total assets to $1.15 trillion.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.