In brief
-
December, 2018
Call for LGPS members to review risk management
Posted by Nick Kempster in Report 0
Consulting firm Aon has highlighted the importance of risk management at the administering authorities in the UK responsible for managed LGPS funds. Aon has worked with the Chartered Institute of Public Finance and Accountancy (CPIFA) to update its guide on managing risk in a local government pension scheme. Aon partner and head of public sector actuarial, ...
Read More -
December, 2018
Strathclyde looks for real estate debt manager
Posted by Nick Kempster in Report 0
The £21.5 billion Strathclyde Pension Fund is planning to appoint an asset manager for a real estate debt mandate. The fund said it will consider a segregated solution, or pooled funds, for a mandate with a focus on senior secured direct and whole loans, lending against commercial real estate assets in the UK and Europe. It said that the debt portfolio ...
Read More -
December, 2018
Merseyside pension fund takes Smart approach to sustainability
Posted by Nick Kempster in Report 0
The £9 billion Merseyside Pension Fund has invested £400 million in an index-tracking fund, with adaptions for climate change risks and risk factor exposures. The LGPS fund will use a smart sustainability index from FTSE Russell for the All World Equity Climate Balanced Multi-Factor Index subfund, which will be managed by State Street Global Advisors. ...
Read More -
December, 2018
Successful launch for Brunel ACS
Posted by Nick Kempster in Report 0
Brunel Pension Partnership, the £30 billion LGPS asset pool for the south-west of England, has launched its authorised contractual scheme (ACS) with its first sub-fund, for actively managed UK equities worth approximately £1.6 billion. The active UK equity sub-fund will be managed by Aberdeen Standard Investments (ASI), Baillie Gifford and Invesco, ...
Read More -
December, 2018
Nottinghamshire selects property tracker fund
Posted by Nick Kempster in Report 0
The Nottinghamshire County Council Pension Fund has given a £22 million mandate to Kames Capital for its commercial property tracker fund. The Kames Active Beta Property Fund is run solely for UK pension schemes and is believed to be the first property tracker fund of its type. It aims to enable investors to track property market returns, with carefully ...
Read More -
December, 2018
No deal Brexit could trigger 25% fall in UK stocks
Posted by Nick Kempster in Report 0
A “no deal” Brexit could lead to a fall in UK equities of 23% and a 10% fall in European equities, according to analysis by index and investment data provider MSCI. MSCI came up with the findings following stress-testing using its risk management tool. It commented: “The UK has underperformed other regions in terms of GDP growth, as well as in the ...
Read More
