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December, 2019
Border to Coast launches alpha fund
Border to Coast Pensions Partnership, one of the largest UK public sector pension pools with assets worth £45 billion, has launched its global equity alpha fund, with assets of £5 billion. This brings Border to Coast’s assets under management to approximately £15 billion, excluding commitments to private markets of £1.8 billion that are currently ...
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December, 2019
Muzinich & Co first closes senior secured private debt fund
Muzinich & Co has first closed its European senior secured private debt fund at €104 million. The fund focuses on providing growth financing solutions for European middle-market companies and explicitly incorporates environmental, social and governance (ESG) considerations and monitoring into the investment process. “Senior-secured debt instruments ...
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December, 2019
Brunel picks high alpha equity managers
Brunel Pension Partnership has awarded mandates to five managers for its global high alpha sub-fund. “We regard global high alpha equities as one of our pivotal products. Brunel’s listed markets team has designed a world-class portfolio and selected the ideal balance of management styles to accomplish it,” said Matt Betts, senior investment officer ...
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December, 2019
Cashflow-driven investing: why a global and active approach matters
Soraya Kazziha, EMEA Head of Client Solutions and Analytics, PIMCO. Michael Burns, Executive Vice President, Head of UK & Ireland, PIMCO. How should cashflow-driven investment be brought into action? Soraya Kazziha and Michael Burns of PIMCO explore the merits of sterling denominated assets versus global assets, and whether an active or passive ...
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December, 2019
LGPS Central seeks managers for £900 million emerging market mandate
LGPS Central is seeking to hire active global emerging market bond managers to manage its £900 million Global Active Emerging Market Bond Fund. Although subject to slight variations as the process progresses, as a general guideline the fund’s mandate is expected to be benchmarked against the J.P. Morgan EMBI Global Diversified Index GBP Hedged. The ...
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December, 2019
FTSE350 DB schemes see largest fall in contributions
Actual spending by FTSE350 firms on defined benefit (DB) pensions has fallen from £19 billion to £15 billion, according to analysis in Hymans Robertson’s 2019 FTSE 350 DB Pensions Report. This is the largest year-on-year fall in the last 10 years. In a year that has seen the Pensions Regulator (TPR) continue a tougher approach and offer a clearer ...
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December, 2019
Neuberger Berman launches macro FX offer
Neuberger Berman has unveiled the Neuberger Berman Macro Opportunities FX Fund. It aims to deliver positive returns of 5-6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies. Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, said: “As the low yield environment continues, investors are ...
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December, 2019
Multi-asset: the diversifying factor
Venilia Batista Amorim, LAPF Investments. Venilia Batista Amorim explores the various strategies within multi-asset investing that can offer true portfolio diversification When it comes to investing, it is common knowledge that diversification is crucial to success over the long term. It’s generally wise to avoid investing too much in one single ...
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December, 2019
London pension groups to launch local impact fund
Three major London pensions organisations, with combined assets under management of nearly £57 billion, are working together to create a London-focused investment fund. The fund aims to focus on developing housing and infrastructure, both of which will improve the quality of life for London communities. The London Fund’s portfolio will focus on ...
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December, 2019
Welsh pool launches responsible investment policy
The Wales Pension Partnership (WPP), the pooling entity for the eight Welsh Local Government Pension Scheme (LGPS) funds, has announced a new responsible investment (RI) policy, highlighting its commitment to responsible investment and desire to be a leader in this area. The new overarching policy was developed collaboratively by the WPP and its eight ...
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