All Fixed income articles – Page 8
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.
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FeaturesReuters scheme simplifies strategy in liquidity search
As part of a push to simplify its asset allocation and achieve greater liquidity, Reuters Pension Fund is exiting its property investments, putting some of the proceeds into a new buy-and-maintain mandate and an existing diversified growth fund.
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OpinionWhere to look for global credit investments
The year could end as it began for bond markets: amid a wave of event-driven volatility. Following the presidential election, the US market has rushed to price in the risk of successful reflationary policies and concomitant tightening of monetary policy.
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Opinion
What is limiting scheme uptake of smart beta products?
Is a lack of education and transparency around smart beta confusing schemes and trustees? AQR's Scott Richardson, Capital Cranfield's Jonathan Reynolds, RPMI Railpen's Steve Artingstall, SpenceJohnson's Robert Holford and Xerox HR Services' Simon Hill examine the challenges facing the sector.
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OpinionData crunch: Investors revise fixed income mindsets
Traditionally labelled as ‘boring’, the fixed income asset class has livened up in recent years. The low-yield climate has created a waterfall effect where institutions move down the credit landscape in search of yield.
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FeaturesStrathclyde earmarks £750m for MAC and private debt
The Strathclyde Pension Fund has made large allocations to both private debt and multi-asset credit as it looks to take advantage of the growth in non-bank intermediaries.
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FeaturesComet scheme enters alternatives space
In a bid to improve diversification and returns, the Comet Pension Scheme has added alternatives to its portfolio, as rising deficits and the current economic environment prompt many pension funds to hunt for yield.
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OpinionHow to invest in fixed income in the current environment
The environment for fixed income investors is complicated. For pension funds aiming to provide sustainable retirement income for their members, it presents several challenges.
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FeaturesRBS scheme diversifies with US life settlements
The RBS Pension Scheme has made a number of new investments as part of its long-term plan to diversify its portfolio.
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FeaturesRSA scheme targets buy-and-maintain strategy to derisk
The RSA Insurance Group’s Sal Pension Fund is focusing on buy-and-maintain credit as part of an investment strategy overhaul as the scheme looks to further derisk its portfolio following the results of its latest actuarial valuation.
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FeaturesMPS mines for income with alternative credit and shipping
The Mineworkers Pension Scheme is hunting for income with new allocations to shipping and special situations debt, alongside increased exposure to private debt and property.
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OpinionThe promise of European private placements
The European alternative lending market has never been so buoyant. Issuance of private funding for companies in Europe grew by an impressive 78 per cent in 2015 to a total volume of €32.8bn (£25.8bn) from €18.4bn in 2014.
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Opinion
Choppy waters: How schemes can invest in volatile markets
Pension schemes have been grappling with the impact of low returns since the global financial crisis, but the environment became even trickier to navigate when the equity market fell sharply at the start of this year.
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FeaturesSainsbury's marks down deficit by £262m
Sainsbury’s Pension Scheme has reduced its post-tax deficit by £262m in the past year, following exceptional employer contributions and an increase in the discount rate.
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OpinionData crunch: What is behind the growth in unconstrained fixed income?
As investors look for yield and interest rate protection, unconstrained fixed income is a category that has seen strong inflows in particular from institutional investors.
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OpinionOpportunities, risks and manager selection in fixed income
Fixed Income Live: Five industry experts discuss fixed income investment – the direction of interest rates, where the opportunities lie and how schemes can make sure they get the right manager to profit from them.
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Opinion
What investors should do in a low-return environment
Sweeping regulatory changes, a lack of savings and a low-return environment present significant challenges for the UK pension industry. Over the next few years we anticipate these issues to escalate as funding challenges persist.
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Opinion
How schemes can pick the right manager
How can schemes know which manager will perform? In the last part of the Fixed Income Live series, Dalriada’s Simon Cohen, Hymans Robertson’s John Walbaum, Mercer’s Joe Abrams, PGIM’s Edward Farley and Willis Towers Watson’s Chris Redmond discuss whether schemes should let their consultant worry about finding the right specialists and what trustees should be spending their time on.
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Opinion
Are there still areas of fixed income that provide value?
Are there still areas of fixed income that provide value? In the second part of our Fixed Income Live series, Dalriada’s Simon Cohen, Hymans Robertson’s John Walbaum, Mercer’s Joe Abrams, PGIM’s Edward Farley and Willis Towers Watson’s Chris Redmond reveal where they see the best investment opportunities.
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NewsPensions Trust leaps into lending gap with £125m private debt commitment
The Pensions Trust entered the private debt space with a commitment of £125m at the beginning of this year, as it looks to use the withdrawal of banks from the sector to generate growth.