Liquidity obsession 'irrational', says UK rail pension head

Chief executive of railways pension group says cost controls more important

dark-pool-3
Hitchen: short-term liquidity doesn't really matter

The concerns of regulators, banks and asset managers about thinned-out market liquidity are “irrational”, according to the chief executive of one of the biggest UK pension schemes.

Chris Hitchen, who heads RPMI, a pension fund and administrator managing over £20 billion ($28.4 billion) of assets, said: “For the long-term benefit of my members, it doesn’t really matter whether the price of securities is right this minute, this day, this second. It doesn’t really matter whether we can access

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: