All illiquid assets articles – Page 10
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Opinion
Where is innovation coming from in fiduciary management?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn compare experiences of innovation within the fiduciary management arena, in the final part of this discussion.
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Opinion
How is monetary policy uncertainty affecting fixed income?
As interest rates remain low, the fixed income market is struggling to remain attractive to investors. Aon Hewitt's Tim Giles, Hymans Robertson's Carl Hitchman, Law Debenture's David Felder, M&G Investments' William Nicoll and the Pension Protection Fund's John St Hill look at the effects of economic policy on the asset class.
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Opinion
Are hedge funds a luxury schemes could do without?
In the latest edition of Informed Comment, Investec’s Atul Shinh discusses hedge fund performance – do they offer pension funds good value for money, or are they a luxury schemes could do without?
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Opinion
How to use your DGF in a post-Budget environment
Kevin Frisby from LCP, JLT Investment Consulting’s Allan Lindsay, Axa IM’s Yoram Lustig, HR Trustees’ Giles Payne, Aon Hewitt’s Ryan Taylor and Bruce White of LGIM discuss how schemes can invest in DGFs in the post-Budget environment, in the final instalment of a four-part panel discussion.
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Opinion
How to avoid the illiquidity trap in your fixed income holdings
M&G’s Bernard Abrahamsen takes scheme investors past the traps and sinkholes of illiquid fixed income to find the right assets at the right price, in the latest Technical Comment.
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Features
Bromley mulls 10% illiquids allocation as cash flow worsens
The London Borough of Bromley Pension Fund is considering a 10 per cent allocation to illiquid assets to provide greater returns and inflation linkage, in expectation of turning cash-flow negative within seven years.
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News
Schemes have scope to delve deeper into illiquids, but confidence lacking
Defined benefit schemes are showing increased interest in illiquid alternatives as they hunt greater yield and diversification, but many lack sufficient resources and the confidence needed to execute such investments.
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News
PPF adds hybrid allocation, trims traditional assets
The Pension Protection Fund has revised its statement of investment principles, trimming its allocation to cash, bonds and equities as it seeks to capitalise on the illiquidity premia of so-called ‘hybrid’ assets.
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Opinion
LPFA: Illiquids, fees and scale in our investment approach
Talking head: The London Pensions Fund Authority’s director of pensions Mike Allen discusses the “need for positive change” in local government pension funds, and how the LPFA’s approach to growth and matching assets has changed.
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Features
BAA picks long-lease property as schemes hunt inflation linkage
BAA Pension Scheme has allocated £100m to long-lease property, as defined benefit schemes continue to invest in the asset class to act as a long-dated inflation hedge, consultants have said.
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News
WMPF to give Brum SMEs £40m boost as funds seek social impact
The West Midlands Pension Fund has set aside £40m for a direct lending fund to provide finance to small and medium-sized businesses in the Birmingham area, seeking a positive social impact alongside return.
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Features
Branching out to hedge against inflation rises
Clwyd Pension Fund has allocated 2 per cent of its assets to timberland and agriculture, attracted by the chance to earn higher returns and hedge against a rise in inflation.
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News
PPF plots future £4.4m saving from taking member services in-house
The Pension Protection Fund plans to make savings of around £4.4m a year by bringing its member services in-house, the pensions lifeboat’s three-year strategic plan has revealed.
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Features
LPFA boosts in-house investment team as it focuses on illiquids
The London Pensions Fund Authority is strengthening its in-house investment capabilities in order to reduce investment costs and diversify further into illiquid assets.
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Features
The DC Debate – improving retirement income
This quarter's debate sees experts discuss the gender gap, decumulation and illiquidity, as schemes strive to attain the best outcome for members close to retirement age.
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Opinion
Debating the pros and cons of illiquid assets in DC
F&C’s Julian Lyne warns that schemes should not ignore the very real liquidity risks in alternative assets, even as they hunger for diversification, in this edition of Informed Comment.