TCW withdraws from PPIP scheme

clock

US - TCW Group announced it has withdrawn from the government's programme to invest in toxic bank assets following a staff exodus at the bond asset manager.

The firm said it has "voluntarily withdrawn" from the US' Public Private Investment Program (PPIP) and will return the US$500m invested in the UST/TCW Senior Mortgage Securities Fund to investors. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

SPP: Is there a place for productive assets in workplace pensions?

SPP: Is there a place for productive assets in workplace pensions?

David Will assesses the long-term potential of private assets within workplace pensions

David Will
clock 25 April 2025 • 2 min read
XPS publishes annual fiduciary manager report

XPS publishes annual fiduciary manager report

Variation seen in performance during first and last quarters of 2024

Jasmine Urquhart
clock 22 April 2025 • 1 min read
PRA launches consultation to enable insurers to accelerate UK investment

PRA launches consultation to enable insurers to accelerate UK investment

Framework looks to reduce barriers to enable insurers to benefit from investment opportunities

Martin Richmond
clock 16 April 2025 • 2 min read
Trustpilot