All Absolute return articles
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NewsTPR, PPF propose tiered approach in asset information reform
The Pensions Regulator and the Pension Protection Fund have issued a joint consultation into proposals to change the asset class information TPR collects via the scheme return.
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NewsReuters Pension Fund incorporates ESG factors to improve returns
The £2.8bn Reuters Pension Fund is integrating environmental, social and governance factors into its portfolio in order to improve risk-adjusted returns, while achieving a funding level above 100 per cent in 2020.
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Opinion
Has the DGF had its day?
Diversified growth funds have been a staple of UK pension allocations across corporate defined benefit, the Local Government Pension Scheme, and defined contribution schemes since the financial crisis of 2008-09 demonstrated the perils of poorly diversified, heavily equity laden, market dependent investment.
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OpinionHave DGFs had their day?
Data crunch: Diversified growth funds continue to face several challenges, from performance problems to competition from new product types. But despite these obstacles, this is not the end of the road for DGFs, argues Broadridge’s Jonathan Libre.
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OpinionFixed income's new world: Flexible, absolute return and the rest
Data crunch: Absolute return and flexible fixed income strategies have been hugely popular with UK pension schemes in recent years, for a variety of reasons.
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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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FeaturesRhondda Cynon Taf approves plan for alternatives
The Rhondda Cynon Taf Pension Fund has agreed to wind down its lofty equity exposure in favour of new allocations to absolute return bonds and infrastructure.
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FeaturesNilgosc makes inroads into infrastructure funds
The Northern Ireland Local Government Officers’ Superannuation Committee has pledged millions in infrastructure investment in the past 12 months, and is now turning to review opportunities in absolute return bonds and multi-asset credit.
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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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News
Plymouth & South West Co-op introduces illiquids and cuts DGFs
The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.
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OpinionWill the return of volatility save active management?
You will have probably read that Warren Buffett recently cashed in his bet against hedge fund firm Protégé Partners.
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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OpinionData crunch: Net flows highlight a European derisking trend
Although there are nuances between different markets, a derisking trend continues to be pervasive across Europe.
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OpinionHow to prepare for the next stock market crash
Who knows whether another stock market crash is days, months or years away? Trying to call the top or the bottom of a market with perfect timing is, in general, a futile exercise.
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Opinion
How to decide which DGFs are worth investing in
When choosing a diversified growth fund, consideration must first be given to which style is most appropriate to the client’s individual circumstances.
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FeaturesS&N dives into infra and absolute return funds
The Scottish & Newcastle Pension Plan has agreed to introduce a new allocation to infrastructure debt while increasing its absolute return exposure, as schemes seek steady returns and diversification.
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FeaturesLuxfer Group ups DGFs in portfolio restructure
Global materials technology company Luxfer Group has restructured the growth portfolio of its defined benefit scheme to invest in diversified growth funds, as research has predicted continued demand for these strategies.
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FeaturesCombined Nuclear seeks inflation linkage with ground rents
The Combined Nuclear Pension Plan has added a commercial ground rents fund to its portfolio as part of its interest in assets with long-term inflation-linked cash flows.
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News
PPF: Driving factors matter for active and smart beta allocations
PLSA Investment Conference 2016: Pension schemes should look into the factors driving their investments when considering allocations to active managers and smart beta, said John St Hill, senior portfolio manager at the Pension Protection Fund.
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OpinionSafe as houses?
Editorial: How individuals assess risk and reward is extremely complex. Data from the Office for National Statistics this week showed people would prefer to take a punt on property over pensions to deliver a retirement income.