Report
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August, 2018
UK pension funds warned over climate change risks
UK pension funds are at risk of litigation if trustees fail to take account of climate change, according to legal experts. The warning came from lawyers at ClientEarth, a non-profit environmental law organisation. It said a member of an Australian superannuation fund has recently brought the first climate change claim of any kind against his fund due to ...
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August, 2018
Turkish assets remain under pressure
Turkey’s President Erdogan has failed to convince markets over recent events, which have seen the Turkish lira come under heavy pressure. Fund manager WisdomTree’s associate director and equity strategist, Aneeka Gupta, said a much-awaited speech by Erdogan caused more damage across financial markets, as it lacked any compromise and relied on feelings ...
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August, 2018
Tri-borough funds report 2017/18 results
The City of Westminster Pension Fund achieved an investment return of 5.3% for 2017/18, while the Royal Borough of Kensington and Chelsea Pension Fund achieved a 3% return for the same period. For Westminster, the 5.3% return was above its strategic benchmark of 3.7%. It has outperformed its benchmark on an annualised basis over three and five years and ...
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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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