ROUND-UP
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August, 2018
Rise in DB funds aiming for insurer buyout
The proportion of defined benefit (DB) pension fund trustees targeting a buyout with an insurer has increased significantly in the last five years, according to new research by consultants Willis Towers Watson. It found that a third of DB funds are targeting a full buyout, with another 5% aiming to run off the pension fund over time with a buyout-like ...
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August, 2018
Aon develops manager ESG ratings
Investment consulting firm Aon has developed an environmental, social and governance (ESG) rating system to assess how well asset managers integrate ESG considerations into their investment decision-making process. The ESG rating system will work alongside Aon’s existing strategy and due diligence ratings. The ESG ratings are based on a mix of a due ...
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June, 2018
Quant Insight completes latest funding round
Quant Insight (Qi), a macro analytics firm specialising in financial markets, has completed its latest funding round, with key investments from some high profile alternative asset investors. Qi said that 80% of the capital raised came from Qi’s clients in a successful financing round that exceeded its expectations. Its funders include Alan Howard, a ...
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June, 2018
Allianz moves into UK student housing market
Fund manager Allianz is joining forces with rental housing specialist Greystar Real Estate Partners and one of Canada’s largest pension funds, PSP Investments, in a joint venture to grow Chapter, London’s leading student accommodation provider. Allianz Real Estate, which is executing on behalf of various Allianz insurance companies, is making an equity ...
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June, 2018
Jupiter launches real return fund
UK fund manager Jupiter has launched the Jupiter Merlin Real Return, an actively managed multi-manager portfolio that aims to deliver a 3% return over inflation. The fund is a UK domiciled version of Luxembourg listed UCITS fund. Its objective is to return 3% net of fees over the Consumer Price Index over rolling three-year periods. It will have a strong ...
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June, 2018
Legal & General nabs its largest build-to-rent site in Woolwich
Legal & General has acquired its largest build-to-rent (BTR) site to date in Woolwich, along with its co-investor Dutch pension fund PGGM and pension fund capital from its open-ended BTR fund. The Woolwich site is L&G’s third in London, after Croydon and Walthamstow, as it plans to have 6,000 homes in planning, development and operation by the end of ...
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June, 2018
PAAMCO sets up seeding platform for emerging hedge funds
Alternatives specialist PAAMCO has set up a new seeding platform, the PAAMCO Launchpad, for emerging hedge funds, with the Employees Retirement System of Texas (ERS) as its inaugural partner. Both ERS and PAAMCO believe that the platform will help early stage alternatives managers with high growth potential reach institutional status. It will also help ERS ...
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June, 2018
Green bond fund market passes €300 billion
The market for green bonds has passed €300 billion and it is growing rapidly, according to NN Investment Partners (NN IP). NN IP said it has seen its green bond portfolio grow from €20 million in 2016 to around €900 million in July 2018. The manager said that its Euro green bond fund has been the world’s best performing fund in recent years and ...
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April, 2018
Prudential and PIC make sixth longevity reinsurance agreement
In a sign of the demand for defined benefit pension de-risking, Prudential Retirement, part of US insurer Prudential Financial, and the Pension Insurance Corporation have made their sixth longevity reinsurance deal since 2015. Under the terms of the transaction, the Prudential Insurance Company of America assumes a longevity risk for £900 million in ...
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April, 2018
NN Investment Partners launches global convertible bond fund
Fund manager NN Investment Partners (NN IP) has launched a global convertible bond fund to meet investor demand for exposure to the asset class. NN IP said that convertible bonds offer equity return potential with a lower downside, and low exposure to interest rates in a tightening monetary environment. NN IP senior portfolio manager, global convertible ...
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