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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
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
Implementation shortfall – iceberg warning, or storm in a teacup?
Steve Webster, Senior Adviser, MJ Hudson Allenbridge. Steve Webster of MJ Hudson Allenbridge looks at implementation shortfall and what is needed when choosing a transition manager I saw my first “iceberg” in 1998. Working for ITG Group in London, we were selling the concept of hidden trading costs and risks to asset owners at the launch of ...
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August, 2018
Where next to find further improvements and savings?
David Rae, Managing Director, Head of Strategic Client Solutions, Russell Investments. As pooling begins in earnest, David Rae of Russell Investments considers how further developments in pooling might deliver more increases in efficiencies and performance The creation and establishment of the eight pools has required considerable collaborative effort ...
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June, 2018
From disrupted to business as usual
David Rae, Managing Director, Head of Strategic Client Solutions, Russell Investments. David Rae of Russell Investments assesses the success of the pooling's establishment phase and outlines the opportunities to further enhance the gains With the key 1st April 2018 milestone behind us, many of the LGPS pools are looking ahead to the steady state model ...
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June, 2018
Your next step… transition management
Craig Blackbourn, Senior Vice President, Head of Transition Management, EMEA, Northern Trust Capital Markets. Craig Blackbourn of Northern Trust Capital Markets emphasises the importance of choosing the right transition manager to guide funds through the long and complex process of pooling Asset pooling under local government pension reform, itself ...
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June, 2018
Strategic asset allocation in a post-pooling world
Karen Shackleton, Senior Adviser, MJ Hudson Allenbridge. Karen Shackleton of MJ Hudson Allenbridge says that the triennial review due in March 2019 will provide an excellent opportunity for the reassessment of asset allocation strategies With the fast-approaching March 2019 triennial valuation date on the horizon, LGPS officers and members will soon ...
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June, 2018
Transitioning to a new paradigm
Matthew Craig, LAPF Investments. Matthew Craig discusses the role of the transition manager during the pooling process and hears the views of some fund managers who are at the start of the process Transition management is a largely unseen but vital part of institutional investment, ensuring pension fund assets move safely when a fund decides to make a ...
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June, 2018
Forging new ground
Catherine Darlington, Transition Manager, Legal & General Investment Management. James Sparshott, Head of Local Authorities, Distribution, Legal & General Investment Management. Catherine Darlington and James Sparshott of Legal & General suggest strategies for successful transition management during the pooling process It continues to be a busy ...
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June, 2018
LGPS investment pooling: laying the foundations for a successful launch
Graham Cook, CFA, Head of LGPS Product, Macquarie Portfolio Solutions. Graham Cook of Macquarie Portfolio Solutions analyses the complexity of the challenge in transitioning assets from member funds to pools Much progress has been made: The pools have been (to varying degrees) firmly established, potentially complex organisational and governance ...
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