These new rules, while not without merit, will not sit well with pension investors. I suspect in most cases it will prove to just create a heavy administration burden as assets move to other pension arrangements not effected by the legislation
Investors may be feeling jittery about the near-term risk of investing in government bonds, as yields have risen (and prices fallen) over the past nine months in response to rising interest rate expectations.
Well let’s start with what it’s not. It is not a long-only equity fund. It is not a long/short equity fund. It is not a hedge fund. It is not a fund which seeks to beat a particular benchmark or index.