All Asset managers articles – Page 9
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OpinionWhat to look for in an active manager
Rikhav Shah at EY looks at the active versus passive debate, and explains what trustees should seek in an active manager.
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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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NewsSchemes urged to prepare for bad investment outcomes
PLSA Investment Conference 2016: The question of what powers trustees have – if any – when things go wrong on the investment provider side received some surprising answers at the PLSA Investment Conference held in Edinburgh this week.
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OpinionLook beyond the LGPS in the pooling discussion
As local government pension schemes prepare for pooling, EY’s Paul Radcliffe looks at the obstacles and opportunities this presents for other pension funds.
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OpinionAre diversified growth funds hitting the mark?
DGFs appear promising on paper but are they meeting investors’ expectations? Investec’s Atul Shinh explains how perceptions are changing.
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Opinion
Johnson: Pension ostriches need a shakeup
Letter: Robert Gardner’s excellent article ’Collective response to an unprecedented problem’ screams ‘unsustainable’: something has got to give. The question is what?
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OpinionWhy strong manager selection is about quality, not quantity
Diversification is key for investment strategies but, asks Buck Consultants’ Nick Ridgway, does the mantra extend to manager selection?
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OpinionLDI: Are you putting all your eggs in one basket?
From the blog: Liability-driven investment has experienced explosive growth among pension schemes, with mandates growing to 1,033 from 825 in just one year and total liabilities hedged increasing to £657bn from £510bn.
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OpinionInnovation in a world of freedom and choice
The advent of freedom and choice does not mean reinventing the wheel; the solutions are already there, says AXA IM’s Stephanie Condra.
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News
Shipbuilding scheme sails towards 10% property allocation
The Shipbuilding Industries Pension Scheme plans to boost its property allocation to around a tenth of its overall portfolio in its hunt for diversification, capital preservation and income.
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News
Leading DB funds target responsible investment disconnect
The UK’s largest pension funds have put pressure on fund managers to make the case for their responsible investment strategies, publishing a guide intended to “break down the information barriers” between schemes and managers.
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Opinion
Why the equity market is some way short of a bubble
JP Morgan’s Patrik Schöwitz looks at the value in global equity markets, and argues that a “golden period” for the asset class is not on the verge of becoming tarnished, in the latest edition of Informed Comment.
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News
Surrey sets up trigger-based framework for £90m gilt repo move
The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.
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Features
Non-disclosure agreements: schemes give mixed reaction
Scheme managers and consultants have given a mixed response to the question of non-disclosure agreements for fund management fees, after concerns were raised that they may inhibit schemes’ ability to negotiate value for members.
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Features
Westminster moves towards global equities to free up managers
The City of Westminster Superannuation Fund has decreased its UK equity holdings in favour of global stocks to give managers greater flexibility and boost performance.
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FeaturesCaterpillar trims active equities to fill LDI buffer fund
Caterpillar Pension Plan has cut its active equity exposure and plans to sell out of property as part of a trigger-based derisking strategy to boost its liability-driven investment portfolio.
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Features
Small schemes see LDI market opening up as pooled funds grow
Small and medium-sized pension funds are coming around to liability-driven investment strategies, with pooled funds providing half the growth in the number of mandates last year as the LDI market exceeded the £500bn mark.
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Opinion
Why you shouldn’t sit on your hands waiting for a rate rise
Talking head: Redington’s Rob Gardner warns of the significant risk and complexity created by rate uncertainty, and how pension funds can get the right infrastructure in place.
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Opinion
How to pick assets for active management
In this edition of Informed Comment, Buck’s Ciaran Mulligan assesses the uncertain benefits of active management, and where it can provide value for schemes.
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Opinion
Why the AIFMD boosts the case for hedge funds
Lyxor’s Cyrus Amaria argues last year’s directive on alternative investments should remove some of the traditional barriers to pension funds investing in hedge funds, in this edition of Informed Comment.