Tag Archives: private markets
How do we work out how much is being paid for the management of private market assets?
It’s good to see Standard Life posting a good article on the management of funds holding assets not quoted in public markets. Are we getting value for the money we pay managers, let alone the assets that they manage? This … Continue reading
Posted in pensions
Tagged Callum Stewart, carry, Fees, private markets, Standard Life, VFM
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American regulators- worried about what their insurance companies own to pay our wages in retirement
It is what we fear but dare not talk about because our insurance companies are increasingly owned by “their” insurance companies. We have seen it happen with banks, we don’t want to see it happen in insurance. We don’t know … Continue reading
Posted in pensions
Tagged annuities, Appollo, bulk annuities, KKR, Pensions, private markets
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Should “unicorn” stocks be held for growth in pension funds?
Let’s not pretend that as retail investors , we know what we’re doing when we’re playing with unicorns! We want to hand the job of investing in “unicorn”stocks not yet on our public markets to specialists. Meanwhile we want to … Continue reading
The peril of private market investments to purchasers of retail funds
This article was first published by Robin and Mark here. Incentives Are Dangerously Aligned in Private Markets The Speculative Supply Chain is Operating at Full Capacity Mark Higgins, CFA, CFP Dec 23, 2025 “Nothing is easier than self-deceit. For what … Continue reading
Posted in pensions
Tagged alignment, incentives, Mark Higgins, private markets, Robin Powell
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Squeaky bum time for LGPS fund managers
By any estimation, the Local Government Pension Scheme is not running as efficiently as it could and it should. Split into 86 administrate units each running their own pot , it is supposed to get investment resources from 8 … Continue reading
Calpers and their $320 Private Markets bet
In this morning’s article on the DCIF annual event, I argued that there needs to be a better case for our DC schemes to invest in pension schemes. Simply arguing that there are less barriers is not enough. I finish … Continue reading
Is this the way to invest capital productively?
There’s a lot of talk about superfunds over the past few weeks. Here is a superfund that has already been created and is “oven ready”. I am a 61-year-old with a pension pot, considering how my money can work as … Continue reading
Is leverage in private equity funds ok for pensions?
I’m troubled by a question we got from Stephen Timms at the WPC meet in November. Timms asked if we knew of any other areas in which the pension market could be facing liquidity risk. I was going to … Continue reading
Is this the way to invest capital productively?
I am a 61-year-old with a pension pot, considering how my money can work as hard as I have done these past 40 years. Having started my working life in 1983, I have a reasonable hope that my money may … Continue reading
His Majesty’s Treasury’s big idea for pensions needs help
HMT has one explicit pensions policy mentioned in the mini-budget. The government is proposing that “well designed” performance fees, typically levied by private equity and venture capital managers, should be excluded from the 0.75% charge cap on DC workplace pension … Continue reading
Posted in pensions
Tagged Asset Manager, HMT, illiquids, private markets, value, Value for Money
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