All Private equity articles – Page 6
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FeaturesBBC aims to drive down fees in private markets strategy
The BBC scheme lowered its overall investment management fees by £3m over five years, while further increasing its significant exposure to private markets, a move the scheme says allows it to match liabilities at the same time as generating capital growth.
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News
PE investors threaten to sell over transparency concerns
Private equity is experiencing a renaissance, but nearly a third of institutional investors may abandon their plans to invest over fears about transparency, a new report shows.
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Opinion
Innovation within the charge cap
DC Investment Quarterly: Ever since defined contribution funds have had to demonstrate value for money to members, they have sought to drive up performance of the investment strategy while controlling volatility.
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OpinionHow to access private market investments
Private market investments such as private equity, private debt or infrastructure can play an important role in achieving a pension scheme’s return objectives in today’s low-yield – but highly volatile – market environment.
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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.
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OpinionA slippery slope
Editorial: European bank shares slid earlier this week as investors became increasingly worried about banks’ ability to pay coupons on so-called coco bonds, or contingent convertible bonds – bonds that turn into equity if a certain trigger event is taking place.
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Features
Long-term view clouded by uncertainty for LGPS
Long-term risk-reduction planning remains the priority for the Local Government Pension Scheme, but growing uncertainty about the future is making it difficult for member funds to carve out strategic objectives.
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Features
Diversified alts temper volatility for Barking & Dagenham
Barking & Dagenham Pension Fund channeled 8 per cent of total assets into a diversified alternatives strategy last year in a bid to quell volatility across its portfolio.
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Opinion
Scheme hunger for alts drives fragmentation and innovation
From the blog: Scheme maturity as well as changes to regulations and accounting rules have been the driving factors behind portfolio diversification over the past 50 years, boosting pension scheme appetite for alternatives and overseas investments.
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Opinion
Why investors should customise private equity for greater control
The alternative investment industry faces a transformation in the way it works with clients.
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Features
What does the future hold for LDI?
Aviva Investors' Mark Versey, Legal & General Investment Management's Laura Brown, KPMG's Simeon Willis, AMNT committee member and Lend Lease Pension Scheme trustee, Alan Gander, Pan Trustees' Mike Roberts, Buck Consultants at Xerox's Celene Lee and State Street Global Advisors' Howard Kearns, take a look into the future of liability-driven investment strategy, in the final part of this debate.
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News
European pension funds swarm into alts for yield
European pension funds moved deeper into alternative investments last year as they sought fresh avenues of returns and liability matching in tricky market conditions.
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Features
Tyne and Wear switches PE benchmark to limit relative volatility
Tyne and Wear Pension Fund has switched to using an absolute return benchmark for its private equity investments in a bid to reduce the relative volatility of returns.
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News
Railpen chief's fees comments trigger transparency calls
Industry figures have called for more transparency around charges from asset managers after Railpen Investments said upfront fees were as little as a fifth of its total fees paid.
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News
Schemes have scope to delve deeper into illiquids, but confidence lacking
Defined benefit schemes are showing increased interest in illiquid alternatives as they hunt greater yield and diversification, but many lack sufficient resources and the confidence needed to execute such investments.
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Features
LPFA boosts in-house investment team as it focuses on illiquids
The London Pensions Fund Authority is strengthening its in-house investment capabilities in order to reduce investment costs and diversify further into illiquid assets.
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FeaturesRPMI ups emerging market exposure to drive returns
NAPF Investment Conference 2014: The Railways Pension Scheme aired plans to increase its exposure to emerging markets, including investment in alternatives, as it seeks further return drivers.
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Opinion
Editorial: Can the UK learn from US pensions?
Talk of special relationships between the UK and US has again hit the headlines. Although there seems to be common ground when it comes to politics, it has not extended into the world of pensions.
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NewsWhat the CofE's Wonga stake means for responsible alternative assets
News analysis: The Church of England’s embarrassment over unknown pension investments in Wonga calls into question how responsible investment principles can be applied to alternative assets, such as private equity.
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Features
West Sussex turns off private equity tap
West Sussex Pension Fund has decided to reduce over time its private equity allocation, concluding its performance does not justify its liquidity risk and the “luck” involved in manager selection.