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November, 2012
Reassessment of risk in fixed income
Andy Howse, Investment Director, UK Institutional Fixed Income, Fidelity Worldwide Investment. The financial crisis of 2008 and the ongoing eurozone debt crisis have altered the investing landscape. Sovereign credit risk has become the dominant driver of risk in European and global fixed income portfolios and a key influence on financial markets ...
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November, 2012
PPF looks to widen range of investments
The Pension Protection Fund (PPF), which now manages £12 billion in assets, has appointed 10 new specialist fixed income managers as part of a move to use a wide range of bond and fixed income investment strategies. PPF executive director of financial risk, Martin Clarke, said: “The PPF has a 70% strategic allocation to cash and bonds and, as we grow, ...
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November, 2012
New report outlines fees paid by institutional investors
CAMRADATA Analytical Services has calculated and published the average fees paid by institutional investors across a range of asset classes including equities and bonds. According to the report, the average base, or initial, investment management fee for equities is 77.7 basis points (bps) with an average minimum investment of £4 million. Then, once a ...
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October, 2012
Seeking the best relative value within the infrastructure industry
Pal Sarai Director bfinance Faced with uncertain and volatile public market investment returns, many institutional investors including pension funds, endowments and insurance companies, have been adding infrastructure to their portfolios. Allocating to private infrastructure assets is often perceived as providing long-term, inflationlinked, stable cash ...
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October, 2012
ECM LAUNCHES SENIOR SECURED FUND
Specialist fixed income and credit manager ECM has brought out a senior secured fund which will concentrate on Northern, non-peripheral Europe. By focusing on loans and high-yield bonds with senior positions in the capital structure, the fund aims to benefit from the high recovery rates seen for senior debt which have helped reduce volatility and ...
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October, 2012
BARINGS PLANS CHINA BOND FUND
Baring Asset Management plans to launch a China bond fund to maximise total returns from income, capital appreciation and currency gains. The fund will aim to benefit from the growing market for offshore renminbi bonds, also known as “dim sum” bonds, which have become popular among foreign investors looking for exposure to the Chinese economy ...
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October, 2012
SSGA ADDS TO ITS LDI OPTIONS
State Street Global Advisors (SSgA) has tweaked its liability-driven investing (LDI) strategies with the addition of 22 leverage swap funds, following the launch of 10 leveraged Gilt funds in April. The LDI funds aim to help institutional investors protect against inflation and interest rate risk when liability matching. The leveraged nature of the ...
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October, 2012
ABERDEEN OFFERS GERMAN AND SWEDISH RESIDENTIAL PROPERTY FUNDS
Aberdeen Asset Management has launched a German residential property for institutional investors with initial seed capital of €115 million, and the aim of investing €1 billion in total. Aberdeen said that interest in indirect investment in residential property has picked up recently, boosted by very good fundamental data for the German economy and the ...
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October, 2012
Mining royalties as an asset class within pension fund portfolios
Anthony Yadgaroff Chairman Allenbridge Investment Solutions In recent years major UK pension funds have shown a growing interest in asset classes other than marketable securities, as a means of diversifying their portfolios to reduce volatility as well as helping to match their assets to the longer-term nature of their liabilities. Property and private ...
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October, 2012
Driving development through direct lending
Bernard Abrahamsen Head of Institutional Sales and Distribution M&G Investments In the fast-paced, high-tech and glamorous world of Formula 1, racing drivers famously stick to a circuit’s “racing line”, the fastest, most efficient route around a racetrack. As a race weekend progresses, this racing line is the most used and becomes all the ...
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