All Investment articles – Page 75
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News
Seeking members' ethical views could muddy DB waters, experts say
The Environmental Audit Committee has proposeda requirement for schemes to actively seek the views of their members when producing their statement of investment principles, a move experts say could complicate matters for defined benefit trustees.
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OpinionData Crunch: DC property allocations set to catch DB
It seems logical that long-term savings should be invested in long-term assets, and property would seem a candidate for this type of investment.
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OpinionEveryone has a role to play in ESG
There is, as yet, no legal requirement for pension schemes to provide or incorporate environmental, social and governance-led funds into their investments. So who is responsible for responsible investment and what role should different parties play in pushing this up the agenda?
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Features
Should schemes become more eurosceptic?
Analysis: Trustees may be tempted to act upon the past few weeks’ eurozone headlines, which have detailed sweeping geopolitical change across Italy and Spain and frightened investors in the process.
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NewsTrustee fears on the rise over Brexit investment implications
Brexit has grown among defined benefit scheme trustees as a perceived investment risk, according to professional trustee company PTL's latest DB survey, as schemes are advised against making wholesale investment changes over the next few months.
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OpinionCMA investigation: Prepare for positive change
The Competition and Markets Authority’s investigation into the UK’s investment consultants and fiduciary managers, launched last autumn, has the potential to drive seismic change.
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FeaturesWest Midlands to divest from arms manufacturer
The West Midlands Pension Fund has agreed to divest from South Korean arms manufacturer Hanwha Corporation after years of sustained pressure on the company from institutional investors across the globe in relation to cluster munitions.
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OpinionIs it time to trim your hedge funds?
Analysis: Since 2000, there has been an extraordinary rise in hedge fund investment. While only 2.1 per cent of large institutional investors had money in hedge funds in 2000, cost analysis service CEM Benchmarking says that this figure surpassed 50 per cent in 2016.
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OpinionESG investing has little to do with ethics
The pensions world has hesitated over environmental, social and governance factors for a long time, writes Pinsent Masons’ Carolyn Saunders, but legal developments mean they cannot afford to do so any longer.
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News
Rate of investment consultant tenders has plummeted, survey finds
Less than 3 per cent of pension schemes retendered for investment consulting services last year, compared to 18.6 per cent of schemes in 2008, according to research from selection specialists IC Select.
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FeaturesHaringey to swap passive equities for multi-factor strategy
The London Borough of Haringey Pension Fund has agreed to convert nearly half of its equity allocation from a passive fund into a multi-factor global strategy. It has also recently trimmed an overweight position in equities into its multi-asset absolute return and credit strategies.
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Opinion
Pension funds are making good progress with ESG, says Brunel CEO
Pension funds are making good progress when it comes to responsible investment, according to the £29bn Brunel Pension Partnership’s chief executive Dawn Turner.
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Features
Liquid alternatives: How diversified is your DC default?
Analysis: Defined contribution default funds are facing the unenviable task of constructing diversified portfolios with limited budgets and a requirement for liquidity. Could liquid alternatives help?
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OpinionRising rates: to hedge or not to hedge?
With interest rates on an upward move, pension schemes that can afford to be tactical should review their hedging strategy without delay, according to Russell Investments’ Jihan Diolosa.
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FeaturesKent stands by Neil Woodford despite massive underperformance
Despite concerns over the performance of its UK equities mandate with Woodford Investment Management, the Kent County Council Superannuation Fund has elected to retain its mandate with the embattled asset manager.
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News
Lack of trustee engagement leads to higher fees, CMA finds
The Competition and Markets Authority has turned its attention to the negotiation abilities of trustee boards, with a working paper that highlights the benefits of engaging third-party oversight of consultants or fiduciary managers.
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OpinionRoundtable: How are fixed income strategies adapting?
Central bank policy has turned a major corner, and many fixed income markets are looking increasingly expensive - six experts share their insights on how pension scheme strategies should adapt.
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Features
Strathclyde ups commitment to emerging market debt
The Strathclyde Pension Fund has nearly doubled its investment in emerging market debt as part of a drive to diversify its portfolio and participate in 'the growth story' of emerging economies.
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Opinion
Roundtable: How should schemes pick fixed income managers?
Fixed income markets do not present as obvious a case for passive management as equities, but how should schemes evaluate manager skill? PGIM’s Edward Farley, Barnett Waddingham’s Sophia Heathcoat, MJ Hudson Allenbridge’s Anthony Fletcher, Independent Trustee Services’ Dinesh Visavadia, Bestrustees’ Graham Wardle and independent trustee Alexandra Martinez discuss.
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Features
Are diversified growth funds the place to be?
Analysis: Experts remain divided over the value offered by diversified growth funds. While DGFs offer a source of return that comes with reduced risk and daily pricing, they have come in for criticism in recent years over a perceived lack of performance and value.