Report
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February, 2019
Tech assets drive private equity returns
Private equity massively outperformed listed equities in the 12 months to 30 June 2018, by 20.4% to 6.9%, according investment firm Cambridge Associates. The 20.4% private equity returns is from the Cambridge Associates Global ex-US Developed Markets Private Equity Index, while the equity return is from the MSCI index for large and mid-cap securities in ...
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February, 2019
Capital expenditure key to global growth
The level of capital expenditure (capex), or corporate investment, needs to increase, or the global economy will enter a persistent slowdown, according to asset management firm NN Investment Partners. According to the fund manager, capex was booming in developed markets a year ago, but it has since slowed, leading to fears that developed markets could ...
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February, 2019
LGPS Central selects equity and fixed income managers
LGPS Central, the asset manager pool for nine Midlands-based local authority pension funds with a total of £44 billion in assets, has announced its latest manager selections, with five managers appointed for equity mandates and two fixed income managers. The five equity managers have been appointed to global sustainable equity mandates, where ...
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February, 2019
Older people will go online, research finds
A survey by pensions administration specialist Trafalgar House has found that older pension fund members are prepared to go online for communications related to their pensions. Trafalgar House director, Daniel Taylor, commented: “Investment decisions for the pensions industry are being hampered by incorrect assumptions about member enthusiasm for ...
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December, 2018
Call for LGPS members to review risk management
Consulting firm Aon has highlighted the importance of risk management at the administering authorities in the UK responsible for managed LGPS funds. Aon has worked with the Chartered Institute of Public Finance and Accountancy (CPIFA) to update its guide on managing risk in a local government pension scheme. Aon partner and head of public sector actuarial, ...
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December, 2018
Strathclyde looks for real estate debt manager
The £21.5 billion Strathclyde Pension Fund is planning to appoint an asset manager for a real estate debt mandate. The fund said it will consider a segregated solution, or pooled funds, for a mandate with a focus on senior secured direct and whole loans, lending against commercial real estate assets in the UK and Europe. It said that the debt portfolio ...
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December, 2018
Merseyside pension fund takes Smart approach to sustainability
The £9 billion Merseyside Pension Fund has invested £400 million in an index-tracking fund, with adaptions for climate change risks and risk factor exposures. The LGPS fund will use a smart sustainability index from FTSE Russell for the All World Equity Climate Balanced Multi-Factor Index subfund, which will be managed by State Street Global Advisors. ...
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December, 2018
Successful launch for Brunel ACS
Brunel Pension Partnership, the £30 billion LGPS asset pool for the south-west of England, has launched its authorised contractual scheme (ACS) with its first sub-fund, for actively managed UK equities worth approximately £1.6 billion. The active UK equity sub-fund will be managed by Aberdeen Standard Investments (ASI), Baillie Gifford and Invesco, ...
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December, 2018
Nottinghamshire selects property tracker fund
The Nottinghamshire County Council Pension Fund has given a £22 million mandate to Kames Capital for its commercial property tracker fund. The Kames Active Beta Property Fund is run solely for UK pension schemes and is believed to be the first property tracker fund of its type. It aims to enable investors to track property market returns, with carefully ...
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December, 2018
No deal Brexit could trigger 25% fall in UK stocks
A “no deal” Brexit could lead to a fall in UK equities of 23% and a 10% fall in European equities, according to analysis by index and investment data provider MSCI. MSCI came up with the findings following stress-testing using its risk management tool. It commented: “The UK has underperformed other regions in terms of GDP growth, as well as in the ...
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