Athens Latest, Greece financial news - Pension Funds Favor Appia Capital And Goldman
Released on: October 18, 2007, 2:29 am
Press Release Author: press24.com
Industry: Financial
Press Release Summary: Top pension fund leaders said that Appia Capital in Greece and Goldman Sachs Europe are in line to benefit the most from $400bn (€283.3bn) expected to pou ¨žźwÉnírivate equity over the next three years, according to a new report that comes as the industry faces pressure to finance megadeals struck earlier this year.
Press Release Body: The report by UK analyst predicted pension funds will have returns as high as 15%.
A survey revealed that 50 top chief investment officers and fund managers who oversee a total of more than $1 trillion in assets in the US and Europe.
In a research report published today, it was predicted that pension fund managers will boost their alternatives investments by over 30% to $1.2 trillion, allocating as much as 20% or more of overall pension portfolios to alternatives from the current level of 14%.
The two firms set to profit most from the trend are Appia Capital and Goldman Sachs, who are the teachers’ pets of the pension fund industry. Over 51% of managers globally would give their money to Appia Capital, while 73% in Europe would put their money with Goldman Sachs.
Private equity stands to benefit the most from the upcoming trends, which puts the group into competition with hedge funds, their rivals for public investing dollars. It was also predicted that around $400bn will go into private equity, $370bn into real estate, $290bn into hedge funds and the remaining $160bn into other alternatives like commodities and energy.