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February, 2019
New guide aims to help increase administration efficiency at LGPS funds
The Chartered Institute of Public Finance (CIPFA) and consulting firm Aon have produced a new guide for local authority pension funds on administration in the LGPS. The guide is aimed at administering authorities in the UK responsible for managing LGPS funds and it highlights the importance of effective management and monitoring of administration issues. ...
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February, 2019
Despite Brexit, UK still popular with infrastructure investors
The United Kingdom has ranked third after the USA and Australia as the market with the most potential for private infrastructure investment, in a poll of global infrastructure investors. The EDHEC Infrastructure Institute said that the result shows that the UK’s departure from the European Union will not affect the attractiveness of the UK for ...
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February, 2019
Baillie Gifford launches unicorn fund
Scottish fund manager Baillie Gifford has launched a new fund for institutional investors that will target “unicorn” businesses, or new tech start-ups which reach a valuation of $1 billion will still remaining privately owned. The fund, called the Schiehallion Fund after a Scottish munro, or hill over 3,000 feet high, has been set up as a closed-end ...
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February, 2019
Tabula brings out high yield ETF for credit hedging
European fixed income manager Tabula Investment Management has launched an exchange-traded fund (ETF), the New European Credit UCITS ETF, for investors looking to hedge their exposure to high yield credit. The ETF acts as a liquid instrument to hedge against the iTraxx Crossover CDS Index of 75 sub-investment grade names. Tabula said that the ETF gives ...
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February, 2019
Latest mortality statistics could reduce pension liabilities by £20 billion
The latest UK life expectancy statistics, gathered by the Continous Mortality Investigation (CMI) could reduce pension fund liabilities for UK companies by £20 billion. According to actuaries and consultants Willis Towers Watson, the rate of increase in life expectancy is now slowing down, compared to previous expectations. Willis Towers Watson longevity ...
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February, 2019
Moral hazard in emerging markets: papering over the cracks
Francesc Balcells, Portfolio Manager, Emerging Markets, PIMCO. Brian Holmes, Portfolio Manager, Emerging Markets, PIMCO. Francesc Balcells and Brian Holmes of PIMCO consider the growing amount of non-IMF funding available to emerging markets and point out the potential risks and consequences From bank bailouts to the "Fed put" (the idea that the ...
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February, 2019
The catalysts set to drive frontier markets
Oliver Bell, Portfolio Manager, Frontier Markets Equity Strategy, T. Rowe Price. Paul Gallagher, Business Development, UK and Ireland, T. Rowe Price. Elections, MSCI reclassifications and political change poised to make an impact. Oliver Bell and Paul Gallagher of T. Rowe Price delve into the issues While frontier markets experienced a challenging ...
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February, 2019
PLSA chair sets out vision for trust in pensions
Richard Butcher, chair of the Pensions and Lifetime Savings Association (PLSA) has used his introductory speech at the recent PLSA Investment Conference to highlight the importance of growing trust within the pensions sector. Butcher told delegates at the conference in Edinburgh that political and economic uncertainty has created an opportunity for the ...
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February, 2019
The negative consequences of 10 years of quantitative easing
The Bank of England introduced quantitative easing (QE) as an emerging measure to stave off deflation and economic collapse 10 years. But its use has now become widespread and has led to a range of negative consequences, according to former pensions minister and pensions and investment adviser, Baroness Ros Altmann. Altmann said that after lowering ...
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February, 2019
Brunel PP launches search for global high alpha equities managers
Brunel Pension Partnership, one of the eight LGPS asset pools which is bringing together around £30 billion from 10 funds, has announced the active stage of its search for global high alpha equities managers. Brunel said that so far, over 110 managers have registered interest in the mandate, which will see £2.2 billion in assets awarded to the ...
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