In brief

  • June, 2016

    High yield default rates unlikely to rise, manager claims

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    High yield bond manager NN Investment Partners is taking a contrarian view to the market view that high default rates are coming, with large credit losses and weak returns. Tim Dowling, lead portfolio manager, global high yield at NN Investment Partners, argued that many high yield bond managers are too pessimistic. “Currently, we think that many global ...

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  • June, 2016

    UK vote on EU exit heralds new era of political uncertainty

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    The decision by the British electorate to reject the status quo and vote to leave the European Union will have far-reaching implications for political uncertainty, according to Lombard Odier Investment Managers. The firm said the vote was part of a backlash against the established order since the 2008 global financial crisis. Jan Straatman, global chief ...

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  • June, 2016

    UK pensions face 10% funding hit

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    Pension liabilities at UK pension funds will probably increase by 8-10%, decreasing funding levels by 10% depending on the level of liability hedging. The warning came from Russell Investments head of client strategy and research, David Rae. Rae said that asset returns have been affected by falls in risk assets on a global basis and that Gilt markets are ...

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  • June, 2016

    LPP creates £1.2 billion UK property pool

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    The Local Pensions Partnership, the asset pool created by the London Pension Fund Authority (LPFA) and the Lancashire County Pension Fund (LCPF), has created a £1.2 billion property investment pool. The property pool combines the two funds’ existing property holdings with the addition of specialist income and value added strategies. Knight Frank ...

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  • June, 2016

    Asian debt set to gain from Brexit fears

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    The flight to safety by investors following the UK’s decision to quit the European Union could include Asian debt, according to an asset manager. The Brexit vote pushed investors out of commodities and global equities and into safe haven assets such as gold, the US dollar and the yen, along with US Treasury bonds. But NN Investment Partners portfolio ...

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  • June, 2016

    €1 billion equity mandate for scientific beta low carbon index

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    A large pension fund for French civil servants, ERAFP, is to benchmark a Eurozone mid- to large-cap equity mandate worth up to €1 billion to a new low carbon, scientific beta index. The index is from ERI Scientific Beta, a smart beta index provider set up by the EDHEC Risk Institute in 2012. The EDHEC Risk Institute has been researching the combination ...

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