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Evercore launches new offering for pensions
13 June 2012
Evercore Pan-Asset Capital Management has created a low cost portfolio structure based on diversified growth
Evercore Pan-Asset Capital Management
Evercore Pan-Asset Capital Management (EPA) has announced it is now offering pension funds a new portfolio structure which is low cost and individually constructed to meet specific risk needs.
Pension trustees need a combination of dynamic asset allocation and low cost at a time when funds are trying to reduce their deficits, according to John Redwood, chairman of EPA’s investment committee. Yesterday the UK National Association of Pension Funds revealed that UK pensions have hit £312bn ($486bn) - the highest deficit since records began in 2003.
EPA said its new offering will be particularly attractive to smaller pension schemes.
“For smaller pension schemes who have been struggling to access flexible diversified portfolios at an affordable price this is just what they have been looking for," said Bob Campion, institutional business director at EPA.
Campion added that many trustees are looking for diversified investments that offer growth while managing risk, which he said is why multi-asset growth funds have become so popular.