All asset managers articles – Page 9
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OpinionWhat to look for in an active manager
The question of active versus passive management never really gets answered. Various market participants have their own views on each approach, often depending on what time period is considered.
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News
FCA wants to strengthen duty on managers and consultants
About £109bn of investor assets is held by managers who charge high fees but do not offer significant variation from an index-tracking strategy, the Financial Conduct Authority’s interim report on competition in the asset management market has found.
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NewsSchemes urged to prepare for bad investment outcomes
PLSA Investment Conference 2016: The question of what powers trustees have – if any – when things go wrong on the investment provider side received some surprising answers at the PLSA Investment Conference held in Edinburgh this week.
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OpinionLook beyond the LGPS in the pooling discussion
George Osborne lit the touch paper under 'authorised contractual schemes' when he announced the pooling of the Local Government Pension Scheme in October this year, but the opportunity exists for others as well.
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OpinionAre diversified growth funds hitting the mark?
Diversified growth funds are firmly in their second decade as a concept, having experienced an eventful first one that saw a global financial meltdown and a subsequent multi-year bull market.
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Opinion
Johnson: Pension ostriches need a shakeup
Letter: Robert Gardner’s excellent article 'Collective response to an unprecedented problem' screams 'unsustainable': something has got to give. The question is what?
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OpinionWhy strong manager selection is about quality, not quantity
There are many examples of pension schemes implementing their investment strategy with one or two fund managers capable of running a number of traditional asset classes, such as equities and bonds.
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OpinionLDI: Are you putting all your eggs in one basket?
From the blog: Liability-driven investment has experienced explosive growth among pension schemes, with mandates growing to 1,033 from 825 in just one year and total liabilities hedged increasing to £657bn from £510bn.
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OpinionInnovation in a world of freedom and choice
Pension freedoms disrupted the industry, opening the door to innovation for those who see these reforms as an opportunity to do something different.
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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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News
Leading DB funds target responsible investment disconnect
The UK’s largest pension funds have put pressure on fund managers to make the case for their responsible investment strategies, publishing a guide intended to “break down the information barriers” between schemes and managers.
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Opinion
Why the equity market is some way short of a bubble
The years following the financial crisis have been a golden period for equity investors. Global equity indices are near all-time highs, following a prolonged period of extraordinary monetary stimulus, while global economic growth remains sluggish.
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News
Surrey sets up trigger-based framework for £90m gilt repo move
The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.
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Features
Non-disclosure agreements: schemes give mixed reaction
Scheme managers and consultants have given a mixed response to the question of non-disclosure agreements for fund management fees, after concerns were raised that they may inhibit schemes’ ability to negotiate value for members.
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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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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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Features
Small schemes see LDI market opening up as pooled funds grow
Small and medium-sized pension funds are coming around to liability-driven investment strategies, with pooled funds providing half the growth in the number of mandates last year as the LDI market exceeded the £500bn mark.
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Opinion
Why you shouldn't sit on your hands waiting for a rate rise
Waiting for interest rates to rise feels more and more like waiting for Godot. Bond markets have priced in rate hikes on several occasions since the global financial crisis only for policy messengers to say that hikes will be further delayed, but rates will surely rise in the future.
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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 the AIFMD boosts the case for hedge funds
The hedge fund industry passed a very important milestone last July as the Alternative Investment Fund Managers Directive came into effect.