The 2013 Global Alternatives Survey by Towers Watson, the consultancy, in association with FTfm, shows pension fund assets held by the top 100 asset managers that deal with pension funds increased by 8 per cent, from $1.23tn in 2011 to $1.33tn in 2012. This compares with a slight fall of less than 1 per cent from $3.14tn to $3.11tn in alternative assets held by the top 100 managers who deal with all kinds of investors.Craig Baker, global head of investment research at Towers Watson, says the continued movement by pension funds into alternatives was a continuation of a trend that started many years ago. He points out that in 1995 pension funds allocated only 5 per cent of their assets to alternatives. That figure has now grown to 19 per cent, according to the consultancy’s latest global pensions asset study.
FT / TW Study 2013
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