All Private equity articles – Page 5
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News
Trustees should act now to guard against market collapse
On the go: Trustees and sponsors of defined benefit schemes should increase their asset allocations to alternatives and hedge funds in light of high valuations and stretched yields, Cambridge Associates urges in new research.
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FeaturesUSS targets steady returns with KCom investment
The actions of bellwether schemes like the £64bn Universities Superannuation Scheme are always closely watched, but scrutiny on USS is particularly acute after widespread strike action last year. Last month, the UK’s largest private plan agreed a £504m cash takeover of telecoms business KCom.
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OpinionHow to beat volatility in 2019
With an eye purely on the numbers, it might be tough to pinpoint exactly what has led to the worst year for stock markets since the end of the global financial crisis.
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OpinionHow is UK schemes’ appetite for private market assets changing?
While private market investments that deliver protection, yield and diversification should continue to be attractive to schemes in 2019, implementation choices will be key to ensuring that outcomes for investors live up to expectations, according to bfinance’s Peter Hobbs and Sam Gervaise-Jones.
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NewsPatient capital in DC: Worth the risk?
From the blog: Philip Hammond wants pension funds to invest in patient capital, and publishing a policy paper on the subject for the second Budget in a row, it appears his approach is rather, well, patient.
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NewsHammond’s Budget looks to unlock DC savings for patient capital
The government is to consult next year on whether the charge cap for defined contribution default funds should be changed to unlock greater investment in patient capital, as part of a Budget with significant implications for DC savers.
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FeaturesKent cuts passive equities for private equity and infra
The £6.2bn Kent County Council Superannuation Fund has moved capital from UK passive equities into private equity and infrastructure. The fund narrowly missed its benchmark for returns in the year to March 2018, after underperformance from equity and fixed income mandates.
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OpinionHow will the ageing population affect markets?
Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world population.
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Features
Barnet switches DGFs for property and private equity
The £1.1bn London Borough of Barnet Pension Fund has resolved to cut its 20 per cent allocation to diversified growth funds managed by Schroders and Newton Investment Management.
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OpinionCost disclosure is only valuable if you know how to use it
Cost disclosure will give the industry the injection of transparency it has needed for years – but what to do with the new data? John Simmonds of CEM Benchmarking outlines a strategy for making sense of costs.
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News
RPMI Railpen commits to new joint venture vehicle
RPMI Railpen has committed to a new joint venture vehicle to provide initial capital to breakthrough emerging private equity and alternatives managers.
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FeaturesSouth Yorks plumps for alts as equity concerns bite
The South Yorkshire Pension Fund is trimming its equity exposure and allocating to a range of alternatives, as part of a wide-ranging review that reaffirms the fund’s commitment to environmental, social and governance-based principles.
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OpinionBudget headwinds mean pension funds must be nimble
The case for investment in UK markets looked weak even before a set of Office for Budget Responsibility downgrades, says Russell Investments’ David Rae, and investors must be prepared to capitalise on opportunities.
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Opinion
Editor's picks: What you need to know about patient capital
Autumn Budget 2017: On Wednesday, chancellor Philip Hammond said innovative high-growth firms should get investment from pension funds, raising questions over appetite and feasibility. Three articles from the past year look at the issues at stake.
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OpinionPrivate equity: Success brings new challenges
From the blog: Last year, European private equity fundraising reached €74bn (£66bn), the highest level since 2008.
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OpinionThe best way to harness illiquidity
Joshua Featherby at Cambridge Associates explains how defined benefit schemes can use the illiquidity premium to their advantage.
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OpinionDoes private equity offer schemes good value?
Trustees should focus on governance when trying to make sure private equity investments add value, says Rikhav Shah from EY.
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OpinionWhere to look for value in real assets
Impax Asset Management’s Peter Rossbach explains why pension funds should invest in renewable energy.
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FeaturesNESPF adds DGFs and PE after global equities disappointment
The North East Scotland Pension Fund has taken further steps to diversify its growth portfolio, divesting from underperforming global equities and allocating to a range of private equity houses and diversified growth funds.
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Features
Desire for better data sparks mortality study for Star Group
Star Group has decided to conduct a medically underwritten mortality study for its defined benefit scheme, as it works on tackling an increased deficit while reducing investment risk.