Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the market.
Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains in the secondary market as they try to profit from a wave of selling by some of their peers.
The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year.
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