Money managers under the microscope
The National Association of Pension Funds isn’t quite as rambunctious as in the days of fat-cat bashing by Christine Farnish, but it still offers up intriguing glimpses into the lives and loves of the nation’s worker drones and retirees.
The latest survey (of 1,248 British full and part-time employees – for the record) makes very clear the priorities as people prepare for retirement, with full pockets winning a convincing victory over full hearts.
Some 71 percent pick out financial security as a bedrock of happiness in the dusk of life, and they want to be fit enough to splurge it all on escorted Rhineland river cruises and hydraulic beds; good health scores 69 percent.
It’s maybe a bit depressing, though, that just 45 percent think happiness will come from the love and attention of their family and friends. (More people say they’d get a kick out of travel in retirement — presumably escaping the unwanted embraces of significant others. One in seven respondents said the one thing they would miss most in retirement was time away from their partner…)
It may look like an unlikely scenario on paper, but Europe’s elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.
Hedge fund associations, private equity lobbyists, the British government and even the United States Treasury have waded into the debate over the proposed legislation, seeking to soften an approach which has been labelled an exercise in post-financial crisis political grandstanding, rather than a measured look at how to better regulate the sector.
It’s encouraging to see that, even as many hedge fund investors rush for the exit, there is still some appetite to invest, as highlighted by the National Association of Pension Funds’ optimistic publication of a beginner’s guide to the industry.
Entitled Hedge Funds made simple and starting with “What is a Hedge Fund”, the guide’s blurb tells us that ”the role of hedge funds, and investing in them, has become more prominent in the last year”.