Report
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June, 2018
Brunel appoints FundRock ACS operator
Brunel Pension Partnership, the £30 billion asset pool for 10 LGPS funds mainly in the South West, has appointed FundRock Management Company at its Authorised Contractual Scheme (ACS) operator. Brunel PP’s chief operating officer, Joe Webster, commented: “We felt that FundRock really understand our business and will excel at meeting our requirements. ...
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June, 2018
US trade tariffs not expected to stop emerging market growth
President Trump’s imposition of trade tariffs on China’s exports are a worry but not a game changer, according to NN Investment Partners (NN IP). The fund manager said that the new US tariffs will only affect around 2% of China’s total exports and will have little impact on emerging market growth in coming years. NN IP senior emerging markets ...
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June, 2018
Border to Coast selects Robeco for voting and engagement services
The £36 billion Border to Coast Pensions Partnership, one of the eight LGPS asset pools, has selected fund manager Robeco for its voting and engagement services. Border to Coast will use Robeco’s Active Ownership service to fulfil its responsibilities as active owners of listed companies. Robeco votes at shareholder meetings and engages with senior ...
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June, 2018
Fund manager sees “no deal” Brexit risks as a hypothetical issue
The CIO of asset manager DWS (formerly Deutsche Asset Management) has dismissed the risks of a “no deal” Brexit as a hypothetical question. Speaking at a press briefing, Stefan Kreuzkamp said he believed that there will be a deal between the UK and the European Union over the UK’s exit terms next March, and added that he could not answer a ...
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June, 2018
Almost 90% of institutional investors concerned about inflation
A large majority of institutional investors globally – 88% – have concerns that inflation will erode the real value of bond yields over the next one to two years, according to Managing Partners Group (MPG). MPG found that half of investors said they would increase their exposure to higher-yielding assets, such as fixed income asset-backed securities ...
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June, 2018
Mayor of London’s new £500 million fund to help with energy efficiency
A new £500 million fund has been set up by the Mayor of London, Sadiq Khan, to help hospitals, museums, offices, libraries, social housing and universities become more energy efficient. The fund comes after a report from the Green Finance Taskforce found that many public sector organisations and small businesses want to install energy efficiency measures ...
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June, 2018
BMO expands LDI fund range
Fund manager BMO Global Asset Management has expanded its liability-driven investing (LDI) product range with two funds combining credit and LDI. One fund is a credit matching LDI fund for defined benefit pension funds, which aims to provide a single fund self-sufficiency solution. Around 75% of the fund is invested in physical credit, with the remaining ...
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June, 2018
Border to Coast seeks blend of three UK equity managers
The £36 billion Border to Coast Pensions Partnership is looking for a manager for an active UK equity alpha portfolio, which it plans to launch in the final quarter of 2018. The asset pool said that its UK equity alpha portfolio will initially be £1 billion to £1.25 billion in size. It said it will be a blend of three active UK equity managers, each ...
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June, 2018
London CIV launches multi-asset credit fund
The London CIV, the asset pool for 33 London borough pension funds, has announced the launch of its first fixed income fund, a multi-asset credit fund, which has been seeded by four London local authorities with an initial investment of £308 million. The fund will initially invest with the CQS Credit Multi Asset Fund. Larissa Benbow, head of fixed income ...
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June, 2018
Investors warned over risks of protectionism
Investors have been warned over the risks to the global economy from increasing protectionism after the US government announced, but at the time of writing had not yet imposed, tariffs on $34 billion of Chinese goods, with a threat to extend it to $400 billion of Chinese inventory. Aviva Investors said it was moving from overweight to neutral on emerging ...
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