ROUND-UP
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December, 2012
Uss to provide inflation-linked finance to south east water
USSIM, the wholly owned investment management subsidiary of the UK’s second largest pension fund, the Universities Superannuation Scheme (USS), has announced that it will provide £100 million of 25 year inflation-linked financing to South East Water Finance Limited via the private placement of an index-linked note. USS senior investment management for ...
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December, 2012
PPF pulls out 25% investment return through liability hedging
The Pension Protection Fund (PPF) produced a return of 25% on invested assets in the year to 31 March 2012, which it attributed to its sophisticated liability matching strategies. It said the return is more than sufficient to match a rise in liabilities in what have been turbulent financial markets. At the end of March 2012, the PPF has a surplus of £1.07 ...
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December, 2012
SYZ brings equality to the emerging markets index
Swiss fund manager SYZ & Co. Group has launched an equallyweighted emerging markets index covering the 21 countries in the MSCI EM index. It claims that this index gives a more balanced approach to emerging markets than market capitalisationweighted indices, which lead to an over-representation of certain countries and a concentration of geopolitical ...
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October, 2012
ECM LAUNCHES SENIOR SECURED FUND
Specialist fixed income and credit manager ECM has brought out a senior secured fund which will concentrate on Northern, non-peripheral Europe. By focusing on loans and high-yield bonds with senior positions in the capital structure, the fund aims to benefit from the high recovery rates seen for senior debt which have helped reduce volatility and ...
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October, 2012
BARINGS PLANS CHINA BOND FUND
Baring Asset Management plans to launch a China bond fund to maximise total returns from income, capital appreciation and currency gains. The fund will aim to benefit from the growing market for offshore renminbi bonds, also known as “dim sum” bonds, which have become popular among foreign investors looking for exposure to the Chinese economy ...
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October, 2012
SSGA ADDS TO ITS LDI OPTIONS
State Street Global Advisors (SSgA) has tweaked its liability-driven investing (LDI) strategies with the addition of 22 leverage swap funds, following the launch of 10 leveraged Gilt funds in April. The LDI funds aim to help institutional investors protect against inflation and interest rate risk when liability matching. The leveraged nature of the ...
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October, 2012
ABERDEEN OFFERS GERMAN AND SWEDISH RESIDENTIAL PROPERTY FUNDS
Aberdeen Asset Management has launched a German residential property for institutional investors with initial seed capital of €115 million, and the aim of investing €1 billion in total. Aberdeen said that interest in indirect investment in residential property has picked up recently, boosted by very good fundamental data for the German economy and the ...
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October, 2012
DEUTSCHE BANK LISTS ETF FOR CHINA A-SHARES
Deutsche Bank’s exchange traded fund platform, db X-trackers, has listed a new ETF, CSI3000 Index ETF on the London Stock Exchange which tracks 300 China A-Shares. A-shares are stocks quoted in renminbi and listed on the Shanghai and Shenzhen stock exchanges, and have been hard for overseas investors to access in the past. A-shares cover 75% of the ...
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July, 2012
BROWN ADVISORY’S US SRI FUND REACHES $50 MILLION
Independent investment firm and US equity specialist Brown Advisory has announced that its American SRI fund has reached $50m in assets one year after launch with strong UK and pan- European interest. The fund was launched to give a bottom-up, fundamental approach to US equities but with an SRI screen for investors concerned about investing according to ...
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July, 2012
ACADEMIC RESEARCH SUPPORTING CTA STRATEGIES UNVEILED
CTA (commodity trading advisor) strategies, which use quantitative techniques to follow trends across a broad selection of markets, can deliver superior risk-adjusted returns according to a new report. Dr Robert Kosowski, director of the Centre for Hedge Fund Research at Imperial College Business School, said that research showed that CTA funds can take ...
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