All Investment articles – Page 108
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News
How LGPS members are responding to collective investment reform
Advocates of public sector pension reform have warned that regional initiatives could 'water down' savings for local authority funds from planned changes to the Local Government Pension Scheme.
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Opinion
Gardner: How to win by not losing
Talking head: Redington’s Rob Gardner analyses the state of pension funds’ growth assets, arguing that in an environment where many assets look expensive, reward can be found through focusing on reducing downside.
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Opinion
The Budget has not killed off lifestyle strategies
Jelf’s Mark Winstanley argues that the Budget changes did not destroy lifestyle strategies, and predicts there will be three predominant paths of member decision-making at retirement, in the latest edition of Informed Comment.
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Opinion
Smooth sailing for the pensions lifeboat? The PPF’s annual report in numbers
The gradual economic recovery is welcome news for the Pension Protection Fund, with buoyant equity markets and stronger companies outweighing some losses in its liability-driven investment strategy.
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Features
Barking and Dagenham plans social housing investment to hedge inflation
The London Borough of Barking and Dagenham Pension Fund plans to invest around £25m in social housing in order to hedge against inflation and diversify away from traditional assets.
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Features
Local government schemes reject forced passive CIV proposals
Local authority schemes have rejected government proposals to mandate pooling assets into a passively managed common investment vehicle, but did see benefits in other suggestions put forward.
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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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News
Early fid man adopters review managers as transparency calls grow
Investment experts have reported that the secondary market for fiduciary management is warming up, as early adopters begin to review the performance of their managers.
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Features
Isle of Wight fund mulls ethical investment policy after council reclaims public health role
Isle of Wight Pension Fund is considering setting its own policy on social, environmental and ethical factors to be considered when making investment decisions, after the council took back responsibility for public health.
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Features
Institutional investors warn pension funds not to become shadow banks
Chief investment officers at two historic institutions have raised concerns about pension funds stepping into the space left by banks constrained by tougher capital requirements, pointing to the potential risks and costs.
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Opinion
Local authorities dump hedge funds for DGFs – different rose, same thorns?
Hedge funds have taken somewhat of a battering from local authority schemes, as we have reported over the past couple of weeks.
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Opinion
Law Commission says trustees can take ESG into account (to a point)
The Law Commission yesterday published its much anticipated report clarifying the fiduciary duties of trustees and has called upon the Pensions Regulator to provide further guidance on the subject.
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Opinion
PPF: Why our approach is not just about assets and liabilities
Talking head: The Pension Protection Fund’s Marcus Bishop looks at the crucial risk management and reporting building blocks of its investment strategy.
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News
Oxfordshire latest to ditch hedge funds on fee and transparency concerns
Oxfordshire County Council Pension Scheme is axing its allocation to hedge funds in favour of diversified growth funds and infrastructure, as it seeks lower fees and greater transparency in investments.
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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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Opinion
How to set up your scheme’s derisking strategy
In the latest edition of Technical Comment, Quantum’s Rob Davies explains how to set a derisking strategy that makes well-timed investment decisions that provide good value to the scheme.
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Opinion
Altmann: Exceptional measures needed as monetary policy tightens
Speaking to pension trustee boards, they are clearly grappling with the challenges of managing their investment strategy in today’s exceptional times.
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News
Schemes plough £24bn into gilts despite low yields
Pension schemes compelled last year to derisk at historically low yields quadrupled the previous year’s gilt purchases, according to official data that have left investment experts surprised.
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News
Dorset ditches hedge funds for infra after strategic review
Dorset County Council Pension Fund has moved into infrastructure investment and increased its diversified growth fund allocation after a shift in its investment strategy intended to reduce risk without affecting returns.
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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.