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June, 2019
Investment bank Berenberg warns over hard Brexit risk
Hamburg-based investment bank Berenberg has estimated the risk of a hard Brexit, with the UK leaving the EU without a deal, at 35%, in an economic commentary on the Tory leadership election. Berenberg said that both Boris Johnson and Jeremy Hunt will face the same situation as former PM Theresa May did, despite their claims to be ready to leave with no ...
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June, 2019
DGFs and sustainability: can multi-asset strategies offer a sustainable solution?
Maria Municchi, Fund Manager, M&G Multi Asset Team, M&G Investments. Maria Municchi of M&G outlines the concepts behind building sustainability into a multi-asset strategy Pension schemes looking to deliver retirement incomes are increasingly giving greater consideration to sustainable investing, with a view to not just fulfil the financial ...
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June, 2019
Afinishay seeding milestone
Afinishay Capital Ltd has raised over £170 million of cornerstone capital for three “first-fund” alternative investment strategies since inception in late 2016. The three opportunities that Afinishay raised seed capital for are Gresham House Asset Management’s British Strategic Investment Fund (BSIF), Gresham’s SPE Fund, and Iskandia Energy’s ...
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June, 2019
Unison warns over LGPS opt-out proposals
Unison, the public sector trade union, has warned that government plans to allow universities and colleges to opt out of the LGPS for new non-teaching staff could have harmful consequences. Unison national secretary, Jon Richards, said that proposals could damage cash flows at LGPS funds, affecting LGPS members as a whole. Currently, post-1992 ...
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June, 2019
The time is now: how equity hedging strategies can efficiently protect portfolios
Regis Lelong, Vice President, UK Strategic Risk Solutions, Citi. Rohan Tawadey, Director, Equity Derivative Sales & Cross Asset Solutions, Citi. As investors and asset allocators increasingly consider the probability of a more volatile outlook for financial markets, Regis Lelong and Rohan Tawadey of Citi reveal how equity systematic solutions can ...
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June, 2019
PLSA seeks to raise workforce reporting standards
The Pensions and Lifetime Savings Association (PLSA), the trade body for pension funds in the UK, has invited business leaders to meet with pension funds to discuss their reporting of employment models and working practices. The PLSA chief executive, Julian Mund, wrote a letter to the chairmen of the FTSE 100 companies, saying that pension funds managing ...
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June, 2019
New body to champion impact investing in the UK
A new body, the Impact Investing Institute, aims to position the UK as a global champion of impact investing, or using investments to produce returns and also socially and environmentally positive results. The new body has a mission of encouraging ordinary savers to select pensions and savings products that will benefit issues that they care about. It ...
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June, 2019
New tools should improve cost transparency
New standards that should enable pension funds to compare asset manager costs and charges have been launched by the Cost Transparency Initiative (CTI). The CTI has developed templates and guidance for asset managers so they can report costs in a standardised format. The tools cover a wide range of pension fund assets and are expected to be adopted by ...
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June, 2019
CMA consulting reforms to apply to LGPS funds
The Competition and Markets Authority (CMA) reforms to investment consulting and fiduciary management will now apply to the LGPS, after a change in the wording of the final order of the rules. The LGPS was initially excluded from the draft wording of the reforms and its inclusion in the final regulations was unexpected by most observers. The Financial ...
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June, 2019
Facebook’s cryptocurrency Libra to threaten traditional banks
The launch of Libra, a digital currency, by social media giant Facebook is a threat to traditional banking, according to a finance and investment expert. Facebook said it will launch Libra next year. Facebook has announced that it has partnered with PayPal, Mastercard, Visa and Stripe to boost acceptance of its digital currency. According to Nigel Green, ...
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