Report
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June, 2019
Border to Coast hires managers for £4.5 billion global equity fund
Border to Coast Pensions Partnership has announced the appointment of four external managers for a global equity fund expected to reach over £4.5 billion when launched later this year. The four managers are Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles & Company. Border to Coast looked at proposals from over 90 asset ...
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June, 2019
Pension scams group issues code of good practice
The Pension Scams Industry Group (PSIG), a voluntary body set up to help trustees, providers and administrators fight against pension scams, has issued version 2.1 of its code of good practice. PSIG chair, Margaret Snowdon, commented: “We’ve been making good progress in our fight against pension scams, with many millions of pounds saved from the ...
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June, 2019
Northern LGPS backs employee representation at Google parent
The Northern LGPS asset pool is backing a campaign to put worker representatives on the board of Alphabet, the parent company of Google. The campaign came after Northern LGPS launched its responsible investment policy at the start of 2019, which made worker rights a key priority at the companies it invests in. Northern LGPS chair, councillor, Gerald ...
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June, 2019
Unintended consequences of GDPR
One year after its introduction, the European Union’s General Data Protection Regulation (GDPR) has had unintended consequences according to a leading expert on asset management regulation. Regulation consulting firm Laven Partners said the GPDR has made it hard to track cyber criminals, due to restrictions on processing web domain registration details, ...
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June, 2019
Call for transition bonds to ease shift away from fossil fuels
AXA Investment Managers said the green bond market should include what it calls “transition” bonds, which would allow carbon-intensive companies to raise funds while moving away from fossil fuels. Green bonds are classed as fixed income investments where the capital invested is devoted to activities with a positive benefit when assessed on ESG ...
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June, 2019
Woodford halts withdrawals from £4 billion fund
Woodford Investment Management, the fund manager run by one of the UK’s best-known fund managers, Neil Woodford, has halted investor redemptions from its £3.7 billion equity income fund, following a request in May from Kent County Council to redeem £250 million from the fund and a string of negative press headlines. The freeze on withdrawals, which ...
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June, 2019
Renewable energy prices set to exert downward pressure
According to fund manager Schroders, renewable energy is set to exert downward pressure on energy prices, accelerating a move away from fossil fuels. Schroders lead portfolio manager, Simon Webber, said that in the coming decade, a wave of cheap renewable energy will help reduce energy prices, making electric vehicles more affordable and changing the ...
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April, 2019
South Yorkshire puts £80 million in local property investments
The South Yorkshire Pensions Authority has allocated £80 million for regional investment in its own South Yorkshire region. The location will be managed by part of CBRE Capital Advisors and it will operate in parallel with the Sheffield City Region JESSICA Fund, which will bring total regional development funding available to over £120 million. The ...
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April, 2019
Investor confidence sees slight rise in April
Investor confidence rose slightly in April 2019, accord to the State Street Investor Confidence Index, which rose from 71.2% to 72.9%. But it found that institutional investors are still cautious about increasing allocations to risky assets, despite good performance in the first quarter of 2019. The increase was based on greater confidence among North ...
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April, 2019
Schroders warning over Brexit uncertainty
Fund manager Schroders has sounded a warning over the apparent health of the UK economy, saying Brexit stockpiling could be boosting growth temporarily. Schroders senior European economist and strategist, Azad Zangana, said that the medium to long-term economic outlook for the UK will be heavily influenced by Brexit. While the Bank of England has ...
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