Private equity fund values are expected to plummet by more than half in 2009, with well-known large buyout funds performing little better than less well-known ones, an analysis by Pensions & Investmentsshows.
No matter how you slice the existing data — be it the analysis of publicly traded portfolio companies, returns of publicly traded private equity funds or secondary market valuations — private equity returns are in for a steep decline, just when investors could use them most.
Private equity fund values are expected to plummet by more than half in 2009, with well-known large buyout funds performing little better than less well-known ones, an analysis by Pensions & Investmentsshows. No matter how you slice the existing data — be it the analysis of publicly traded portfolio companies, returns of publicly traded private equity funds or secondary market valuations — private equity returns are in for a steep decline, just when investors could use them most.
Bernard Madoff’s alleged US$50 billion Ponzi scheme is breathing new life into Bush-era proposals that could subject money managers to a new layer of regulation as well as a merger of the SEC and the CFTC, financial industry lobbyists said last month.
The regulatory proposal, if enacted, would subject money managers for the first time to the scrutiny of a self-regulatory organisation (SRO), submitting managers to the same sort of oversight that broker-dealers get from the Financial Industry Regulatory Authority (FINRA).
Bernard Madoff’s alleged US$50 billion Ponzi scheme is breathing new life into Bush-era proposals that could subject money managers to a new layer of regulation as well as a merger of the SEC and the CFTC, financial industry lobbyists said last month.
The regulatory proposal, if enacted, would subject money managers for the first time to the scrutiny of a self-regulatory organisation (SRO), submitting managers to the same sort of oversight that broker-dealers get from the Financial Industry Regulatory Authority (FINRA).
There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.
But few in the super industry think 2009 will be any less challenging.
Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.
There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.
But few in the super industry think 2009 will be any less challenging.
Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.
Insurance – it’s everywhere. We all use it. Someone makes money from it, and it might as well be institutional investors and their clients, writes KATE WILKIE, a product specialist in Credit Suisse Asset Management’s alternatives solutions business..
Risk transfer is an age old process. The popular book titled “The Richest Man in Babylon”, set in ancient times, described a form of life insurance via the use of rudimentary pooling techniques.
Insurance – it’s everywhere. We all use it. Someone makes money from it, and it might as well be institutional investors and their clients, writes KATE WILKIE, a product specialist in Credit Suisse Asset Management’s alternatives solutions business..
Risk transfer is an age old process. The popular book titled “The Richest Man in Babylon”, set in ancient times, described a form of life insurance via the use of rudimentary pooling techniques.
SimCorp, the Danish provider of investment administration software, has adapted to a time of heightened counterparty awareness and lowered IT budgets by emphasising the ability of its flagship Dimension product to act as an enterprise-wide risk management tool.
Schroder Investment Management UK recently finished installing Dimension as a ‘portfolio book of records’ across all of its asset classes, and Simcorp is claiming some credit for Schroders’ subsequent upgrading by ratings agency Fitch, which mentioned the managers’ newfound ability to conduct “daily surveillance of counterparty risks” in its upbeat assessment.
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