All Active management articles – Page 5
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News
Shipbuilding scheme sails towards 10% property allocation
The Shipbuilding Industries Pension Scheme plans to boost its property allocation to around a tenth of its overall portfolio in its hunt for diversification, capital preservation and income.
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Opinion
Is it possible to compare fiduciary managers on performance?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien and Towers Watson’s Pieter Steyn discuss performance, reporting models and metrics, in the first of a four-part panel debate on fiduciary management.
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News
UK lags Europe in passives drive for smart beta and ETFs
UK pension schemes are lagging behind their European counterparts investing in smart beta strategies, according to research that adds to criticism of actively managed strategies.
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Opinion
Should local authority schemes be forced to invest passively?
Pension schemes make investment decisions based on, among other things, their individual asset mix, desired investment outcomes, risk tolerance, liability profile and deficit level.
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Features
Nationwide builds inflation hedge, ups matching assets to derisk
Nationwide Pension Fund has reduced its exposure to return-seeking assets and carried out its first significant inflation hedge, as capital adequacy rules drive banking and building society sponsors to reduce funding 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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Opinion
Active managers dealt another blow, but schemes still loyal
A survey released this week found passive funds outperformed active funds by 4.7 per cent over the past five years, adding fuel to the fire of the active versus passive management debate.
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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
LPFA: Why the government has missed a trick on reform
On Thursday the Department for Communities and Local Government issued a consultation on the future of the Local Government Pension Scheme.
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Opinion
Industry reaction to £85bn active-passive LGPS shake-up
The Department for Communities and Local Government has proposed that £85bn held by the 89 local authority pension funds should be moved into a single passive investment vehicle, triggering immediate reaction from consultants and schemes.
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News
Low-cost passive DC loses ground as schemes seek 'smoothed' returns
The number of FTSE 100 trust-based defined contribution schemes using lower-cost, fully passive management for their default options has dropped by almost a half as diversified growth funds become more popular, research has found.
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News
Charge cap consultation ramps up governance, weakens employers
News analysis: Defined contribution scheme representatives will see governance responsibilities increase after the pensions minister announces further reforms to ensure members get value – with a backdrop of industry debate on the charges cap.
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News
Experts call for smart beta credit to meet diversification demand
Alternative fixed income indices could be the next frontier in smart beta investing for pension schemes, industry experts have said, calling for a shift in focus away from equity strategies.
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Opinion
How to pick assets for active management
There are numerous benefits of successful active management to a pension scheme, but these benefits are by no means certain.
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Opinion
Why schemes waste money switching managers too often
You will be delighted to know that this is not another article on active versus passive. I am certain readers will have already made up their mind about this issue.
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News
One in three schemes to up smart beta in low-vol drive
Data analysis: More than a third of schemes are considering increasing allocations to smart beta strategies over the coming year, a survey has found, as investors rethink their portfolios.
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Opinion
How to set your active/passive split for fixed income
With yields at near to record lows, there has never been a more challenging environment for pension schemes to invest in fixed income.
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News
How Norfolk judges investment fee value
Norfolk Pension Fund underwent third-party benchmarking of its investment management fees earlier this year to ensure value, but has warned against a focus purely on cost over quality.
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News
Hilton enhances fid man role to reduce volatility
Hilton UK's pension scheme has built greater delegation into its fiduciary management mandate to enable it to make quicker investment decisions and reduce volatility within the scheme.
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News
How to tackle index cloning in your active equities
News analysis: Schemes have been urged to closely monitor the investment strategies and risks taken by their active managers as new research shows nearly half of such UK managers are closet indexers.