Report
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December, 2019
PIC invests £250 million in City of London
Pension Insurance Corporation, a specialist insurer of defined benefit pension funds, has invested £250 million in debt issued by the City of London Corporation for an ambitious programme of major projects designed to benefit the Square Mile, London and the UK. The projects include the proposed relocation and development of three of the city’s historic ...
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December, 2019
Investment pools back renewable energy move
Cubico Sustainable Investments, a global investor in renewable energy, has announced the sale of a substantial minority stake in its UK operational wind and solar portfolio to GLIL Infrastructure, the £1.8 billion infrastructure fund backed by Northern LGPS and Local Pensions Partnership. The transaction sees GLIL acquire a 49% equity stake in the ...
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October, 2019
LGPS pool seeks expression of interest for sustainable equities offering
Brunel Pension Partnership is launching a call for expressions of interest for its sustainable equities offering. “This is an exciting opportunity to work with Brunel on an innovative, positive approach to pensions investment,” said Mark Mansley, Brunel’s chief investment officer. “The portfolio aims to generate excellent long-term financial returns ...
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October, 2019
Hedge fund business still sees outflows
Investors withdrew another $8.42 billion from the global hedge fund industry in July, according to the July 2019 eVestment Hedge Fund Asset Flows Report. But strong performance in the industry continues to boost overall industry assets under management (AUM), which stood at $3.3 trillion in July, according to the report. Hedge funds have generally been ...
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October, 2019
NEST hires manager duo for private markets
Nest Corporation has appointed two fund managers to invest in private credit, enabling its eight million members to benefit from the sophisticated investments found in private markets. Amundi and BlackRock have been selected for their innovation and cost-efficiency following a highly competitive open tender, in which nearly 40 organisations applied. Nest ...
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October, 2019
UK schemes prepare for Brexit
UK pension schemes have stepped up Brexit preparations significantly over the last 12 months, research by the Pensions and Lifetime Savings Association (PLSA) has revealed, with nine out of 10 (88%) trustee boards having discussed the impact of Brexit on their scheme. About two-thirds (63%) of schemes have formally assessed Brexit risks, while nine out of ...
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October, 2019
Hymans says pensions values expected to rise post Brexit
Economic uncertainty around Brexit is likely to lead to pensions values rising to a higher level than property assets in the UK, according to analysis by pensions consultancy Hymans Robertson. Ross Fleming, co-head of defined benefit (DB) investments at Hymans, said: “Figures from the Office for National Statistics show that UK property prices are on the ...
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October, 2019
LGPS Central selects partner for cost transparency
LGPS Central has partnered with KAS Bank (now CACEIS), the specialist provider of securities services to UK institutional pension schemes, for cost transparency collection and reporting. The pooled fund will be leveraging KAS Bank’s cost transparency solution and data analytical expertise to assist with collecting cost information across the range of ...
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October, 2019
Border to Coast picks external managers for credit
Border to Coast Pensions Partnership, one of the largest UK public sector pension pools in the UK with assets totalling £46 billion, has selected Royal London Asset Management, M&G Investment Management and Insight Investment as its external asset managers for a Sterling Investment Grade Credit Fund, which is expected to reach £2 billion at launch. ...
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October, 2019
LPP sees in-house global equity portfolio outperform
Local Pensions Partnership’s internally managed global equity portfolio has outperformed its benchmark, by delivering a 136% cumulative total return, versus the MSCI World Index performance of 83.4%, on a five-year track record. The portfolio’s performance has outperformed its target performance benchmark by an annualised 5.8%. This places the LPP ...
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