All Investment articles – Page 100
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Opinion
How collaboration could save LGPS £80m a year in fees
Talking head: In recent months we have been pleased to announce two major agreements with other local government pension schemes: a £10bn¹ asset-liability management partnership with Lancashire County Pension Fund and a £500m infrastructure investment programme with Greater Manchester Pension Fund.
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News
Data suggest schemes would rather fail conventionally than break from herd
Fear of being alone in making a mistake is driving pension funds to knowingly follow ineffective manager recommendations from investment consultants, according to academics.
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OpinionEditorial: Well, in theory...
Some of the best minds in the pensions industry have spent the past 10 months trying to redesign defined contribution scheme investment. But some of that thinking is based on a faulty premise.
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News
Merseyside uses FX rate benchmark to cut fees
Merseyside Pension Fund has used foreign exchange rate benchmarking to hold its banks to account and secure cost reductions, as local authority schemes put increasing fee pressure on their investment counterparties.
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News
How Devon is approaching its alt equity smart beta strategy
Devon Pension Fund has set out its approach to its mixed alternative equity index, using the smart beta strategy as a middle way between active management and the fund’s large passive allocation.
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News
European pension funds swarm into alts for yield
European pension funds moved deeper into alternative investments last year as they sought fresh avenues of returns and liability matching in tricky market conditions.
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Opinion
Why like-for-like fee comparisons may not be the answer
Costs matter, as do being transparent with investors and providing meaningful disclosures. But the asset management industry often finds this easier said than done.
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News
How institutional managers are using animal welfare index
Proponents of a benchmark monitoring global food companies on animal welfare are pushing for wider adoption of by institutional investors as a tool to evaluate management boards and control risk.
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News
Fund management body sets out charges disclosure plan
Industry experts have welcomed proposals on charges and transaction costs from the Investment Association, but warned trustees should not make fees their only focus.
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Opinion
How to manage the risks of your renewable energy holdings
Investment in renewable energy projects is outpacing investment in new fossil fuel-powered generation capacity.
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Features
Lancashire expands credit and sticks with EM despite volatility
Lancashire Pension Fund has moved deeper into non-investment grade credit and emerging market debt, aiming to ride out volatility, as it seeks return in a low-yield environment.
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Opinion
Why your bank's loss is your pension fund's gain
A low-yield environment has understandably driven many pension funds to think again about increasing credit risk in their investment portfolios.
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News
Schemes win extended reprieve from European OTC clearing rules
The European Commission has recommended schemes be given a two-year reprieve from over-the-counter derivative clearing requirements. But industry experts still expect pension funds to end up paying higher transaction costs.
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News
Active share a crude metric when used in isolation, investors say
Asset manager Woodford has joined Neptune Investment Management as the latest investment companies pledging to list the active share for each of their funds. The measure, presented as a percentage, tracks how similar a fund is to the benchmark on which it is based.
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Opinion
Could Pip's renewables move help schemes see beyond the bluster?
“The need for infrastructure investment worldwide is massive, the attractions of the asset class are clear, and the appetite of investors for infrastructure assets is growing,” said Michael Wilkins from ratings agency Standard & Poor’s, in an FT article on the subject last month.
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News
Smart beta marches on in Europe but consultants raise concerns
Investment data reveal the amount of money invested in smart beta strategies across Europe has grown strongly over the past decade, but a recent report has raised concerns the strategies' benefits could be overstated.
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Features
How UK mastertrusts are designing DC benchmarks
The growing mastertrust sector has created a range of investment benchmarks, but pressure to demonstrate value has led consultants to call for more focus on performance yardsticks that reflect scheme memberships.
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Opinion
Are you letting silos dominate your investment portfolio?
Any other business: Traders in the City’s investment banks sit for hours executing fixed income or equity trades but will rarely cross the floor to speak to the desk of another asset class.
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Opinion
Six ways to rethink your derisking plan in a volatile world
Around 40 years ago we experienced the 1970s oil shock, with rising oil prices, rising inflation and rising interest rates.
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News
Pip to seed separate renewables fund as it seeks FCA approval
The Pensions Infrastructure Platform has said plans to expand its offering by adding a renewables fund this year, as UK schemes continue to seek inflation-linked returns.