Fixed Income
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June, 2017
The role of absolute return bonds in LGPS investment strategies
Paul Myles, Director, Institutional Business, BMO Global Asset Management. Paul Myles of BMO Global Asset Management looks at the different roles which absolute return bonds can play in the fixed income portfolios of UK pension funds Record low bond yields, concerns about rising inflation and the desire to increase diversification are leading many UK ...
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June, 2017
Addressing the cashflow negative challenge
Colin Fleury, Head of Secured Credit, Janus Henderson Investors. Stephen Thariyan, Head of Global Credit, Janus Henderson Investors. In a low yield world, appropriate use of assets to combat negative cashflows within defined benefit pension schemes becomes increasingly important. While there are a number of options potentially available, a cashflow, ...
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June, 2017
Using secured finance as a cornerstone in cashflow-driven strategies
Sherilee Mace, Institutional Business Development Director, Insight Investment. Sherilee Mace of Insight Investment looks at some of the benefits of secured finance assets, which possess many qualities that are highly desirable in today’s credit climate Cashflow management is becoming more prevalent in the LGPS sector, and a permanent feature of ...
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June, 2017
High fibre fixed income
Matthew Craig, LAPF Investments. Matthew Craig examines how attitudes towards fixed income seem to be changing and looks at why the LGPS seems likely in future to use an increasingly wide range of assets to deliver fixed income returns Fixed income is an important asset class which has now become unappetising for the taste buds of most investors. In ...
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June, 2017
Fixed income and impact investing – fashion or fundamental change?
Alexandra Noble, Director, Noble & Associates. Alexandra Noble of Noble & Associates looks at how the investment landscape is changing for ethical investors Impact Investing, despite being a relatively new term, is rapidly becoming a vogue topic. The concepts of Responsible Investing (RI) or Ethical Investing have long been established principles for ...
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June, 2017
Building flexible credit portfolios for better risk-adjusted returns
Andrew Swan, Director, Fixed Income, M&G Investments. Andrew Swan of M&G Investments looks at the advantages of private credit assets, which can perform a variety of different investment roles in the portfolios of long-term institutional investors Local government pension schemes (LGPS) will usually have extensive holdings of public market securities, ...
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April, 2015
May we live in interesting times
Matthew Craig, LAPF Investments. Matthew Craig looks at how an uncertain market is affecting decision-making at local authorities Fixed income used to be a reliable, if not downright dull, element in a pension fund portfolio. While assets such as equities provided excitement, a healthy portion of government bonds, with a sprinkling of blue-chip ...
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April, 2015
Opportunities in commercial real estate debt
Paul House, Managing Partner, Real Estate, Venn Partners. Paul House of Venn Partners examines the opportunities in real estate debt that have emerged following a more cautious approach by banks to lending The European financing landscape in commercial real estate debt has seen unprecedented changes over the last few years. New regulatory rules ...
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April, 2015
Investing in credit to meet short- and long-term cash flows
Paul Richmond, Senior Solutions Specialist, Insight Investment. Forced to consider the possibility of future negative cash flows, pension funds may find what they are looking for in secured finance. Paul Richmond of Insight Investment tells us more As local authority pension funds mature, they are faced with the challenge of managing the possibility of ...
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April, 2015
The big impact of small print in credit
Annabel Gillard, Director of Fixed Income, M&G Investments. Annabel Gillard of M&G Investments looks at how an in-depth knowledge of structured credit can open up opportunities in the asset class Credit remains a core asset class for UK pension funds but, given that the total possible losses an investor could face almost always add up to significantly ...
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