Browsing Posts of Author
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August, 2018
Border to Coast appoints first CIO
Border to Coast Pensions Partnership has announced the appointment of Daniel Booth as its first permanent Chief Investments Officer. An investment professional with twenty years’ capital markets experience across both traditional and alternative investment asset classes, Booth joins from an 8-year tenure at Saudi Aramco, where he was Head of Portfolio ...
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August, 2018
Finding value in private debt
According to new research, it has become harder for institutional investors to find compelling opportunities in private debt, because there is too much concentration in mid-market corporate lending. A report by Willis Towers Watson, Finding value in private debt, found that assets allocated to credit strategies have more than tripled between 2007 and ...
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August, 2018
Asset pooling implementation gathers momentum
Matthew Craig, LAPF Investments. Matthew Craig discovers how some pension fund managers are approaching the complex tasks involved in their move towards the new pooling arrangements Moving from 90-odd local authority pension funds into eight new asset pooling arrangements is a complex and challenging task. While getting the investment side right is ...
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August, 2018
Pictet eyes emerging market equity bargains
Fund manager Pictet said that while equity markets are not cheap, it is seeing some bargains emerge in the emerging markets. Pictet chief strategist, Luca Paolini, said that while emerging market equities have been under pressure from a stronger dollar and higher US interest rates, as well as escalating trade tensions, there are signs that the worst is ...
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August, 2018
Pooling and private markets
Sam Gervaise-Jones, Head of Client Consulting, UK & Ireland, bfinance. Sam Gervaise-Jones of bfinance looks at how the LGPS funds are approaching investment in private markets while the pools become established Many of our LGPS clients have pushed ahead strongly with investing in new asset classes, particularly within private markets, rather than ...
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August, 2018
Brunel marks first anniversary with £6 billion under management
Brunel Pension Partnership, the asset pool for 10 LGPS funds mostly from the South West, has marked its first anniversary since its launch by celebrating bringing £6 billion in assets under management. In total, the pool will manage £30 billion in assets for its underlying pension funds, which it will allocate to managers with expertise in around 24 ...
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August, 2018
GMPF reports above-benchmark return for 2017/18
Greater Manchester Pension Fund (GMPF) has reported a 4.2% investment gain for 2017/18 in its latest financial report, ahead of its customised benchmark return of 3.3%. The £22.5 billion fund, part of the £46 billion Northern LGPS pool along with the Merseyside and West Yorkshire funds, said it has consistently delivered annual returns 0.6% higher than ...
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August, 2018
Border to Coast goes live with £7 billion in assets under management
The Border to Coast Pensions Partnership, one of the largest LGPS asset pools, has launched its first investment vehicles, following the transfer of £7 billion in assets from three of its partner funds. Teesside, East Riding and South Yorkshire Pensions Authority have transferred internally-managed equity assets into two sub-funds of the Border to Coast ...
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August, 2018
Frontier market debt offers idiosyncratic opportunities to investors
Frontier market debt (FMD) could give positive short-term returns, with the potential for strong idiosyncratic investment opportunities in some African countries. A third of frontier markets are expected to see economic growth rates above 5% in the next three years, with additional support from the IMF for structural reforms and financial inflows in ...
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August, 2018
Savills Investment Management takes 25% stake in DRC Capital
Savills Investment Management has acquired a 25% stake in DRC Capital, a commercial real estate debt investment adviser. Under the terms of the deal, Savills has the option to acquire the remaining 75% in 2021. It said that the acquisition would enable it to widen its investment proposition to include debt-lending strategies. DRC Capital was founded in ...
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