All passive management articles – Page 4
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NewsWest Midlands saves £25m with in-house mandate
The West Midlands Pension Fund has found savings of more than £25m a year after a swath of changes to its investments and a two-pronged strategy to reduce administration costs.
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OpinionDC investments have come a long way
Defined contribution pensions face an increasing number of challenges and one of the biggest is getting the investment approach right.
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NewsWelsh LGPS funds lead the pack on pooling with passive manager appointment
Welsh Local Government Pension Scheme funds have announced the appointment of BlackRock to a £2.8bn passive mandate, following a joint procurement exercise.
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News
Project POOL maps the route for LGPS
Pooling assets across the Local Government Pension Scheme could ultimately deliver annual savings of £190m-£300m, according to new analysis that goes some way to giving LGPS funds much-needed clarity.
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NewsShire funds ‘keeping options open’ for asset pooling
A group of seven Local Government Pension Scheme funds has appointed a manager to run a joint £6.5bn passive mandate, but funds involved in the arrangement say longer-term plans for pooling are still under discussion.
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News
LGPS pooling puts in-house investment in the spotlight
News Analysis: Local authority pension fund pooling activity is gathering pace ahead of an upcoming government consultation on criteria for cutting costs, bringing with it a push towards greater in-house investment capability.
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NewsIs your scheme in the know about securities lending?
Investment experts have laid out the steps schemes should take to minimise risks when allocating to securities lending, and warned of the potential they face for illiquidity and loss of voting rights.
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OpinionLPFA: Seize the opportunity
Talking Head: The coming weeks will see the annual decamp from Westminster as cities around the country play host to MPs, councillors, special advisers, journalists and those that have ideas or services to promote.
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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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Opinion
Smart beta: Is factor investing delivering on its promises?
According to EDHEC Business School, 25 per cent of asset managers already use some form of smart beta strategies, with a further 40 per cent considering them in the near future.
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Opinion
How a smart blend of alpha and beta can maximise returns
Pension fund managers should always look for the best value in their investments.
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Opinion
Active v passive: It’s not what you do, it’s the way that you do it
Active and passive management is a unity of opposites and our attention should focus on the implementation of both.
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News
PPF to bring investments in-house as it refines strategy
The Pension Protection Fund has added to the tally of schemes bringing elements of asset management and member services in-house, as it seeks cost savings and a greater control over assets.
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Opinion
How to max your active-passive mix while controlling cost
First, a word of caution: implementing the wrong investment strategy for your scheme over the long run could cost you considerably more than any perceived short-term savings from choosing typically cheaper passive management over active.
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News
How Devon is approaching its alt equity smart beta strategy
Devon Pension Fund has set out its approach to its mixed alternative equity index, using the smart beta strategy as a middle way between active management and the fund’s large passive allocation.
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News
Active share a crude metric when used in isolation, investors say
Asset manager Woodford has joined Neptune Investment Management as the latest investment companies pledging to list the active share for each of their funds. The measure, presented as a percentage, tracks how similar a fund is to the benchmark on which it is based.
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News
Smart beta marches on in Europe but consultants raise concerns
Investment data reveal the amount of money invested in smart beta strategies across Europe has grown strongly over the past decade, but a recent report has raised concerns the strategies' benefits could be overstated.
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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.