Browsing Posts of Author
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April, 2018
High impact: how impact investing can help pension schemes meet ESG goals
Richard Sherry, Fund Manager, M&G Investments. Richard Sherry of M&G Investments explains how impact investing can work for pension schemes and what it will take for this growing market to reach critical mass The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you ...
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April, 2018
An investor’s guide to political risks
Fund manager Barings has commented on the political risks faced by investors and how they should be treated. Dr Christopher Smart, head of macro-economic and geopolitical research, said that while most political risks are temporary shocks or simply “noise”, some can be major tectonic shifts. Smart said that in most cases shocks have a limited impact, ...
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April, 2018
Local authorities begin to find their feet in infrastructure
Matthew Craig, LAPF Investments. Infrastructure investment is of particular interest to the LGPS now that pooling is well under way. Matthew Craig looks at how local authorities can avail of the opportunities in the asset class Synchronicity is a term first used by psychologist Carl Jung for events that are meaningful coincidences. Perhaps it can be ...
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April, 2018
Brunel makes first manager appointment
Brunel Pension Partnership, the asset pool for the LGPS funds in south-west England, has awarded its first mandate, of more than £4 billion, to Legal & General Investment Management (LGIM), for passive equities. The appointment of LGIM followed what Brunel described as a rigorous and diligent research and in-depty evaluation. Brunel chief investment ...
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April, 2018
Prudential and PIC make sixth longevity reinsurance agreement
In a sign of the demand for defined benefit pension de-risking, Prudential Retirement, part of US insurer Prudential Financial, and the Pension Insurance Corporation have made their sixth longevity reinsurance deal since 2015. Under the terms of the transaction, the Prudential Insurance Company of America assumes a longevity risk for £900 million in ...
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April, 2018
Necessity drives the argument for investment
Colm O'Connor, Senior Portfolio Manager, KBI Global Investors. Colm O’Connor of KBI Global Investors contends that while the demand for significant investment in infrastructure continues unabated, institutional investors have been slow to take advantage of the opportunities presented Many commentators estimate that trillions of dollars of ...
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April, 2018
Emerging markets set to outperform
According to fund manager NN Investment Partners (NN IP), emerging markets will continue to perform strongly against developed markets despite policy tightening. NN IP senior emerging markets strategist, Maarten-Jan Bakkum, commented: “There is little doubt that tighter financial conditions pose a risk to EM growth. But for now, we feel it is too early ...
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April, 2018
NN Investment Partners launches global convertible bond fund
Fund manager NN Investment Partners (NN IP) has launched a global convertible bond fund to meet investor demand for exposure to the asset class. NN IP said that convertible bonds offer equity return potential with a lower downside, and low exposure to interest rates in a tightening monetary environment. NN IP senior portfolio manager, global convertible ...
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April, 2018
Expectations maintained in light of Bank of England rate decision
AXA Investment Manager (AXA IM) senior economist, David Page, has reacted to the Bank of England’s decision to keep interest rates on hold, by saying the firm will continue to fine-tune its outlook for future rate hikes. Page said he still thinks two hikes are likely in both 2019 and 2020, but recent inflation data is undershooting expectations at both ...
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April, 2018
Understanding junior debt
Claire Smith, Investment Director, Private Assets, Schroders. Claire Glennon, UK Institutional Business Development Director, Schroders. Claire Smith and Claire Glennon of Schroders outline the reasons why junior infrastructure debt may be in an ideal place to form part of investors’ overall portfolios With dry powder for infrastructure equity ...
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