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ABN Amro looks to major growth in hedge fund assets

ABN Amro Asset Management believes its hedge fund assets will grow globally by up to 30 per cent a year for the next two years.

The firm last year added 260m to its total hedge fund assets and set up its first hedge funds in emerging markets and currency.

It plans to launch further products in both the funds of hedge funds and single-strategy arenas and has set a target of hedge fund assets of 1.56bn by the end of next year from current assets of 1.04bn.

Hargreaves Lansdown senior analyst Meera Patel says hedge funds have had a lucrative run during the equity market downfall but marketing problems because of their unregul-ated status have impeded their growth as an option for private investors. Advisers are only allowed to advise on hedge funds on a one-to-one basis.

Patel says: “As hedge funds become better regulated and more easily marketed, it is only a matter of time before the market explodes. This is already a big area of interest for the professional investor but it is not something that the private investor fully understands.”


CML calls for cuts to stamp duty

The Council of Mortgage Lenders is calling for a reduction in stamp duty in its Budget submission to the Chancellor for the fifth year running.Stamp duty, the CML claims, is a stealth duty that now affects three quarters of first-time buyers, compared with in 1997, when only around a quarter were affected.Two years ago, the […]

Allocation scouts

Skandia’s decision to launch a range of asset allocation funds has drawn mixed reactions from the industry.

Pension certificate from PMI

The Pensions Management Institute is taking applications for its newly launched pension plan executive cetificate via its website.The first PPE certificates will be issued from April. Holders will be required to complete PMI’s new accredited professional development programme on an annual basis to renew their PPEC certificate.

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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