Hong Kong pension plans review alternatives

Plan sponsors weigh up the advantages of adding hedge funds and private equity to their portfolios to compensate for poor performance in traditional assets.

At a meeting of the Hong Kong Retirement Schemes Association HKRSA last week, plan sponsors listened intently to advice on how to achieve positive performance in negative markets by increasing their exposure to alternative investments.

While it may take some time for plan sponsors in Hong Kong to fully embrace these absolute return strategies, organizers of the event said the feedback was positive and that trustees are beginning to see the value in alternatives. Corporate pensions plans attending the gathering included Jardines, Swire Group and Shui On. Representatives from Caritas' pension plan also showed up.

Addressing the meeting, Paul Smith, head of global fund services at Bank of Bermuda, spoke about investing in hedge...

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