All Investment articles – Page 110
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News
Warwickshire latest to dump fund after star manager departure
Warwickshire County Council Pension Fund has revealed it sold its assets in Baring Asset Management’s dynamic asset allocation strategy earlier this year due to the departure of the product’s manager.
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Opinion
Taking a break from your investment worries
Talking head: Redington’s Rob Gardner looks at the current worries facing institutional investors, and how they can get past them.
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Opinion
How can schemes judge DGF performance?
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 measure the performance of diversified growth funds, in the first of a four-part panel discussion.
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Opinion
Schemes make record gilts investment, and three other key ONS charts
Schemes invested heavily in fixed income assets – including government, corporate and overseas bonds – last quarter. Anticipated rate rises, schemes derisking out of equities and even switching from synthetic to real gilt holdings have all been investment drivers.
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News
Kent banks £150m to take equity gains, predicting volatility
Kent Pension Fund has moved £150m of its equity holdings into cash and increased its allocation to property, as it seeks to capture gains ahead of anticipated volatility.
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News
USS weighs in on active v passive debate
The Universities Superannuation Scheme has extolled the virtues of internal active equity management but criticised external managers for not consistently adding value.
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Features
The Pensions Trust to open doors to private sector DB as employers outsource
The Pensions Trust plans to start accepting private sector employers into the scheme from late October, hoping to attract the growing number of small and medium-sized companies outsourcing the management of defined benefit schemes.
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News
Tesco chooses cash flow matching over strategic asset allocation
Tesco Pension Fund has moved away from strategic asset allocations towards a risk-based investment strategy, which allows the scheme to get the right mix of assets to meet future cash flows.
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News
Corporate schemes catching public sector on infra
Corporate schemes are catching up with their public sector counterparts in accessing the illiquidity premium of infrastructure investments, taking an increasing share of a growing asset class.
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News
Stock market growth leaves schemes running high equity risk
The equity market boom has left corporate pension schemes running an increasingly high amount of stock market risk, at a time when many are looking to derisk strategically.
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Opinion
Why UK schemes lose out to nimble overseas competitors on infrastructure
Infrastructure has been a hot topic among UK schemes over the past couple of years. With its long-term matching characteristics, it seems like a perfect fit for schemes looking to match liabilities, but inflows have been muted.
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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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News
Schemes eye forward rates to time hedge moves
Larger schemes are showing greater interest in using forward rather than spot rates to assess whether to increase their interest and inflation hedges, in order to gain a more accurate picture of fair value.
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Opinion
Emerging markets were overplayed, but not any more
Investec’s Atul Shinh gives three reasons why pension fund investors should get back on the emerging markets bandwagon, in the latest edition of Informed Comment.
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Opinion
An investor’s guide to how the DGF market is developing
In the latest edition of Technical Comment, Momentum’s Michael Allen looks at how the use of diversified growth funds has exploded among UK pension schemes, and the different types available.
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Opinion
Break up or make up? How to handle a split with your advisers
In trying to get the best outcomes for members, schemes may have to dump advisers from time to time. This can be costly, stressful and time-consuming, so what is the best way to ensure a smooth transition?
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News
Railpen chief’s fees comments trigger transparency calls
Industry figures have called for more transparency around charges from asset managers after Railpen Investments said upfront fees were as little as a fifth of its total fees paid.
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Features
Diageo tips into matching assets after hitting trigger
Diageo Pension Scheme has switched 5 per cent of its assets from its growth to its matching portfolio after hitting a derisking trigger, tipping its investment balance towards holdings that track liabilities.
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News
Saul: convertibles could spread as schemes look to reduce volatility
Saul's outgoing chief executive has predicted that its use of convertible bonds to dampen pension fund volatility could catch on at other schemes, but some advisers remain sceptical of the benefits offered.
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Opinion
Why mechanical derisking is leading to poor-value asset switches
In this week’s Informed Comment, Morgan Stanley’s Joe McDonnell looks at the downsides of a binary growth v matching approach to derisking your scheme’s investments, and suggests an alternative.