Report
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October, 2019
London fund preps to move £125 million into low carbon strategy
The £1 billion Hammersmith & Fulham Pension Fund is in the final stages of allocating approximately £125 million to a passive low carbon global equity fund. The fund, which is part of the Local Government Pension Scheme (LGPS), plans to invest in a suitable strategy from Legal & General, said director of pensions and treasury, Phil Triggs. However, it ...
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October, 2019
PMI shows industry divide over professional trustees
Research from the Pensions Management Institute’s (PMI) latest PMI Pulse survey revealed that the pensions industry remains split over the potential requirement for all pension schemes to have a professional trustee, with 50% believing that schemes should have a professional trustee but 78% of respondents recognised that the industry does not currently ...
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October, 2019
Truvalue wins Brunel Pension Partnership ESG contract
Truvalue Labs, a San Francisco-based AI-driven environmental, social and governance (ESG) data company, has been appointed by the UK’s Brunel Pension Partnership to evaluate the ESG and reputational risks across all of Brunel’s external fund managers and their holdings for listed equities and bonds. Brunel was the first of the Local Government Pension ...
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October, 2019
bfinance research finds decline in asset management fees
Asset owners continue to apply pressure on external manager fees, with new data from investment consulting house bfinance showing substantial fee reductions across a number of asset classes. Figures are based on real fees being quoted by asset managers for real mandates – not surveys or “rack rates”, which tend to be inflated. This fee compression is ...
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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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