Hedge funds poorly positioned for DC
If defined benefit pension funds de-risk in a rising yield environment, and defined contribution plans grow in assets, what impact will this have on hedge funds?
Joel Hartley, investment consultant, Lane Clark & Peacock
The defined contribution (DC) space is not particularly accommodating to hedge funds, with the liquidity terms and high fees in particular presenting two significant obstacles. However, it is questionable whether DC members should only have access to funds with daily or weekly liquidity. If any investor is able to lock money away, one could argue it is the 25-year-old DC member with 40 years of saving ahead of them. Daily dealt low-fat
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