All Active investment strategies articles – Page 3
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Opinion
DC default funds: Does active management have a role to play?
Paul Todd, director of investment development and delivery at Nest, Lydia Fearn, head of DC and financial wellbeing at Redington, and the Revd Keith Stephenson, director of finance and resources at the Association of Commonwealth Universities, discuss investment styles and target date funds for DC default fund design.
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OpinionPrivate sector pooling is a costly red herring
Bob Campion of Charles Stanley ponders LGPS scheme consolidation, and asks why a complex principle is gaining more airtime than more effective use of tools already widely available to private sector schemes.
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OpinionWill the return of volatility save active management?
You will have probably read that Warren Buffett recently cashed in his bet against hedge fund firm Protégé Partners.
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News
Can schemes still justify active management?
The average active fund manager cannot outperform their benchmark net of fees, and according to the Competition and Markets Authority, the average investment consultant cannot reliably identify those managers who do. Can an average trustee board reasonably keep the faith in active management?
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OpinionCost disclosure is only valuable if you know how to use it
Bond and equity returns over the past 30 years have exceeded long-term averages and are widely regarded as unsustainable. As investment costs take a bigger slice of the return ‘cake’ when returns are low, it is unsurprising that investor attention is turning to cost.
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OpinionThe challenges of passive ESG investment
The universe of passive and smart beta products with an environmental, social and governance-based dimension has expanded significantly over the past five years.
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Features
Structured equity appeals but ‘not a no-risk strategy’
Analysis: For some time now, financial punters have prescribed passive investment as the low-cost panacea for investors bloodied by years of underwhelming active management.
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News
Jersey teachers’ fund puts faith in active management
The States of Jersey Teachers’ Superannuation Fund has bucked the current trend away from active management and increased its exposure to active equities, reducing index shares.
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Opinion
Asset manager mergers: How they affect pension schemes
Analysis: The recent uptick in mergers and acquisitions activity in the asset management industry has sparked debate among experts over potential ramifications for schemes. Fees, innovation and relationships with managers could all be affected.
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OpinionWhat to look for in an active manager
The question of active versus passive management never really gets answered. Various market participants have their own views on each approach, often depending on what time period is considered.
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OpinionWill the FCA market study revolutionise pensions?
AB Global’s David Hutchins on why the recent final report on asset management will set a welcome direction of travel, and why both consultants and trustees should be brought within the FCA framework.
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OpinionActive management fees – how low can they go?
Mercer’s Brian Henderson looks at active management fees, and how they are determined.
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News
FCA market study: All-in fee might not be all-in cure
The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.
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News
DCIF: Mastertrusts must up their game on investment design
Mastertrusts must place greater importance on investment design to achieve the best possible outcomes for members, a new study suggests.
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NewsIsle of Wight's outperformance vindicates active management
The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.
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OpinionUnderstanding the transaction cost disclosure debate
Alison Bostock from professional trustee company PTL looks at the issue of transparency around transaction costs.
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FeaturesReuters scheme simplifies strategy in liquidity search
As part of a push to simplify its asset allocation and achieve greater liquidity, Reuters Pension Fund is exiting its property investments, putting some of the proceeds into a new buy-and-maintain mandate and an existing diversified growth fund.
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News
FCA wants to strengthen duty on managers and consultants
About £109bn of investor assets is held by managers who charge high fees but do not offer significant variation from an index-tracking strategy, the Financial Conduct Authority’s interim report on competition in the asset management market has found.
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OpinionThere is no such thing as passive
AB’s David Hutchins explains why allocation of assets between different passive funds might be more important than the management of those funds.
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Opinion
Active management of passive funds – a viable strategy for DC?
Since the introduction of freedom and choice, value for money has been high on the agenda for defined contribution schemes. As trustees try to keep on top of costs, could an active asset allocation approach work for schemes with underlying passive funds?