Posts Tagged ‘Pensco’

IRA Market Growth Promising for Alternatives

March 18, 2010

Chidem Kurdas

Individual retirement accounts may not be what comes to mind when you think of hedge fund investing. But people can invest in hedge funds – or other alternatives – through IRAs, which held more than $4 trillion as of late 2009. That’s around one-fourth of total US retirement assets.

IRAs could grow to as much as $7.5 trillion over the next 10 to 15 years. When people leave their jobs, they often move employer-sponsored accounts into self-directed IRAs.  “By some estimations, the IRA marketplace is expected to crest at $7 to $7.5 trillion dollars, thanks to Baby Boomers rolling funds out of their employer-sponsored qualified plans such as 401(k)s,” says Rob Spalding of  Pensco Trust Co. (more…)