Pension fund sues Hermes over ‘existential gamble’ on wind farms
Claim alleges ‘no competent infrastructure manager’ would have invested in such ‘highly risky’ assets
Claim alleges ‘no competent infrastructure manager’ would have invested in such ‘highly risky’ assets

Industry regulator has written to 58 schemes to warn about their exposure to hard-to-sell investments

Symbolic move indicates growing resistance to Trump administration’s payments to stop such projects

Politicians are steering Main Street money into private assets but they may be better off fostering enterprise

Push to widen access comes with high fees, average returns and ‘ample dollops of additional risk’, says Olympus Partners founder

New legislation forcing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees

Body for pension and sovereign wealth funds wants costs shared between investors and buyout groups