Browsing Posts of Author
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October, 2018
Building a stable income stream from a sustainable housing solution
Paul Myles, Director, Sales and Relationship Management, UK Institutional, BMO Global Asset Management. Paul Myles of BMO Global Asset Management underlines how an under-supply of housing in the UK is creating opportunities for investors Housing is high on the political agenda. The population is growing but the housing stock is failing to keep pace ...
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October, 2018
LGPS Central appoints Hermes EOS for voting service
The LGPS Central asset pool has hired Hermes EOS, part of Hermes Investment Management, to provide it with voting and engagement services. LGPS Central represents nine underlying local authority pension funds with assets of approximately £40 billion and over 900,000 members. LGPS Central director of responsible investment and engagement, Michael ...
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October, 2018
New research points to benefits of emerging market debt
Most pension funds are underweight emerging market debt and could benefit from a higher allocation, according to new research from the Sloan School of Management at Massachusetts Institute of Technology (MIT). The research found that the optimal allocation to emerging market debt is 8% to 35% of a fixed income allocation in a rising rate environment. ...
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October, 2018
Transaction costs material for pension funds
Transaction costs make up an average of 24% of investment fees and costs paid by large pension funds, according to research by CEM Benchmarking. The research was conducted among some of the world’s largest and most sophisticated pension funds and sovereign wealth funds. It found that base manager fees are 49% of total costs and performance fees are 24% ...
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October, 2018
LAPF Investments Awards 2018
Over 200 people from local government pension funds, consultants and asset managers were at London’s Savoy Hotel to see BBC star newsreader Fiona Bruce present this year’s LAPF Investment Awards. One of the highlights and the most emotional moment of the evening was the Judges’ Award to the late Kieran Quinn, who passed away unexpectedly on ...
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October, 2018
Balancing act for global equities investors
Matthew Craig, LAPF Investments. Matthew Craig looks at the pros and cons of investing in global equities, and the role the asset class plays in pension fund portfolios Two key reasons for equity investing are to benefit from overall market growth (also known as beta) and to benefit from the success of outperforming companies (alpha or excess return ...
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October, 2018
Small caps: global questions, local answers?
Justin Preston, Senior Director, Head of Equity, Public Markets Research, bfinance. Justin Preston of bfinance examines the popularity of small cap equity and strongly advises paying attention to local and regional issues when selecting a global small cap investment strategy Small cap equity, whether through local or global strategies, has been a ...
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October, 2018
BlackRock launches emerging UK companies funds
Fund manager BlackRock has brought out a fund that uses an absolute return approach to invest in emerging UK companies. The BlackRock Strategic Funds UK Emerging Companies Absolute Return Fund is a long-short equity strategy focusing on opportunities created by emerging companies. The strategy will cover companies that are in an early stage in their life, ...
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October, 2018
Border to Coast hires three managers for UK Alpha Equity Fund
The £46 billion Border to Coast Pensions Partnership has announced the appointment of three external asset managers – Baillie Gifford, Janus Henderson and UBS Asset Management – for a UK equity fund. Border to Coast said that the UK listed equity alpha fund could total £1.2 billion at launch. The appointments followed an extensive manager selection ...
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October, 2018
Merseyside selects new sustainability index
The £9 billion Merseyside Pension Fund has decided to use a new “smart sustainability”, multi-factor climate index from FTSE Russell within its listed equity portfolio. Merseyside said it chose the index as it would help with the implementation of its climate risk strategy within its listed equity portfolio. Merseyside Pension Fund investment ...
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