All Baillie Gifford articles
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NewsLocal authority pension fund postpones pool exit decision
On the go: The £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund has postponed its decision on whether or not to leave London CIV, according to tri-borough director of treasury and pensions Phil Triggs.
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NewsRailpen takes joint majority stake in battery energy storage platform
On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the C$140.2bn (£90.2bn) Alberta Investment Management Corporation.
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NewsSchemes retaliate over Russia’s invasion of Ukraine
Some of the UK’s most prominent pension schemes are dialling down their exposure to Russian assets in response to its attack on Ukraine.
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NewsLGPS funds finish 2021 with an increased ESG equity focus
Data crunch: Making a broad equity allocation without incorporating environmental, social and governance criteria is now almost anathema to local authority pension schemes, at least according to the data collected by MandateWire over the fourth quarter of 2021.
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NewsSignet Group scheme completes full buy-in with Rothesay
On the go: The Signet Group Pension Scheme has completed a £236m full buy-in with Rothesay. Mercer was the lead broker on the transaction.
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NewsCamden invests in green assets, schemes call for net-zero alignment
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Camden Pension Fund moving equity assets into lower carbon alternatives, and a group of institutional investors calling for consistency on corporates net-zero plans.
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NewsSt James’s Place shakes up fund manager arrangements
On the go: St James’s Place Wealth Management, with £135.5bn in assets under management, has appointed new managers and terminated a manager for its newly rebranded UK fund. The manager uses a number of different advisers including Redington.
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NewsWest Sussex fund hires Northern Trust as transition manager
On the go: The circa £4.2bn West Sussex Pension Fund has appointed a transition manager to support the scheme as it transitions assets to the Access pool, which handles assets for 11 Local Government Pension Schemes.
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NewsLondon CIV launches Paris-aligned equities fund
On the go: London CIV, which oversees £23bn on behalf of 32 London Local Government Pension Scheme funds, has launched an active equities fund that is aligned to the objectives of the Paris Agreement.
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Access Pool launches seven new sub-funds worth £5.5bn
On the go: The Access Pool, which handles assets for 11 Local Government Pension Scheme funds with around £46bn in assets under management, has launched seven new sub-funds worth £5.5bn.
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Brunel achieves carbon intensity reduction target
Brunel Pension Partnership has achieved its target of reducing the carbon intensity of its active portfolio by 7 per cent a year in time for the UN’s World Environment Day, but smaller schemes saddled with pooled products may lack the clout required to emulate them.
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City of Westminster scheme to cut equities and diversify portfolio
The City of Westminster Pension Fund has shifted its investment strategy in response to concerns about volatility in equity markets, added to a need to diversify risk and lock down an improved funding ratio.
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Brunel appoints managers for £2.6bn alpha equity mandate
On the go: The Brunel Pension Partnership has appointed five managers to run a £2.6bn Global High Alpha fund for its 10 Local Government Pension Scheme clients.
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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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FeaturesEnfield cuts equities for MAC following review
The Enfield Pension Fund’s policy and investment committee has agreed to move £50m into multi-asset credit from equities, following a comprehensive review of its fixed income portfolio with its investment adviser.
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Manager stops single fund meetings as LGPS pools take shape
Fund manager Baillie Gifford has stopped attending and presenting at committee meetings of several Local Government Pension Scheme clients, demonstrating the trade-off between fees and face-to-face interaction that can come with asset pooling.