Report
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August, 2019
Camden to terminate DGFs in favour of infrastructure
The £1.6 billion Camden Pension Fund is planning to terminate two managers that invest in diversified growth funds (DGFs) in order to match funding requirements for an infrastructure mandate. Jon Rowney, executive director of corporate services and responsible financial officer at Camden, confirmed at the fund’s pension committee meeting on 18 July ...
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August, 2019
Avoid ESG tail risks to help generate alpha
New research by Allianz Global Investors has found that avoiding environmental, social and governance (ESG) tail risks is a more effective strategy to help generate alpha over a full market cycle, than tilting a portfolio towards top ESG ratings. The research, undertaken in house, looked at three different areas related to ESG risk factors including ...
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August, 2019
Cambridgeshire cuts equity for PE, infrastructure
The £3.2 billion Cambridgeshire County Council Pension Fund has been steadily increasing allocations to longer duration investments such as private equity and infrastructure, whilst reducing the dependency on listed equities. Its latest annual report showed that this has provided greater diversification across asset classes as well as reducing the ...
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August, 2019
Barnet recommended to invest in RE, PE
Investment consultant Hymans Robertson has presented a recommendation to Barnet Pension Fund to replace its current exposures to diversified growth funds with investments in property, private equity and emerging market listed equities. Following a meeting between the firm and the scheme’s pension fund committee at the end of May, Hymans presented a ...
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August, 2019
Investor study shows portfolio changes amid market volatility
The majority of investors globally made immediate changes to the risk profile of their investments during the volatile final three months of 2018, Schroders Global Investor Study 2019 has identified. The study, which surveyed more than 25,000 people in 32 countries, found that 70% of investors modified their portfolios in direct response to markets’ ...
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August, 2019
LGPS pool preps small-cap equity search
Brunel Pension Partnership has started its research phase for the search of fund managers for its smaller companies equities sub-fund. “The sub-fund, which sits under our active equities portfolio, offers us the opportunity to really investigate the practical issues of investing in smaller companies and to harness the exceptional growth potential of ...
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August, 2019
Avon reviews investment strategy to cut equities
The Avon Pension Fund, with assets valued at £4.6 billion, has reviewed its investment strategy, in order to reduce its equities allocation from 50% to 40% of total fund assets, with a long-term view of further reducing its exposure to 37.5%. This reduction was driven by the scheme’s improved funding level due to strong asset returns, said David ...
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August, 2019
Brunel PP kicks off research phase for sustainable equities offering
Brunel Pension Partnership has begun the process of building its sustainable equities offering for its 10 LGPS Client Funds. The objectives of the sustainable equities sub-fund, which is part of Brunel’s active equities range, will be to provide exposure to sustainable focused companies within the global equities market and will aim to generate excess ...
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August, 2019
Barnett Waddingham revamps fiduciary management services
Previously called Fiduciary Management Oversight, Barnett Waddingham’s fiduciary management services has now changed to FM Evaluate. The move recognises the evolution of the service to offer much more than simply oversight, said Peter Daniels, senior investment consultant and FM Evaluate’s newly-appointed head. “The service we deliver goes way ...
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August, 2019
PLSA launches ESG guidance for pension fund trustees
The Pensions and Lifetime Savings Association (PLSA) has published a new guide to help pension fund trustees comply with new environmental, social and governance (ESG) requirements coming into force from 1 October and support them in achieving good practice into the future. Using myth-busters, case studies and questions that trustees should be asking of ...
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