All articles by Dominic Gane – Page 3
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Features
Thumbs up for central control
This month’s Off The Record poll focused on derivatives, operational risk and custody. Some 61% of respondents felt it was positive that measures in Brussels and the US would force pension funds to clear derivatives using a central counterparty. “Central banks need to be able to control markets in extremis, as we saw two years ago. The only beneficiaries of off-exchange derivatives are investment banks. End users of derivatives should be happy to see them go to central clearers,” said a UK fund. Another UK fund added: “Being transparent will be important”.
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News
L&G tops list of credit managers for European institutions
EUROPE – Legal & General Investment Management is the leading manager of credit strategies for European institutions, according to IPE's 2010 survey of credit managers, published in the July/August issue.
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Features
Risk concerns top agenda
This month’s Off The Record survey found that 85% of respondent’s pension fund boards had raised risk management as an agenda item in the last six to nine months. The result of this was that several funds made adjustments to their risk management policies.
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Features
Funds talk tactics
In this month’s Off The Record survey, 56% of the 34 pension fund respondents stated that they implement tactical or some other form of intermediate/interim asset allocation. A Danish fund described their process as such: “We review the allocation periodically, at least every six months, to enhance potential returns by exploiting perceived market misalignments, utilise momentum, or take early profits”. A UK fund added: “[We employ] in-house tactical asset allocation relative to the benchmark set by the investment committee, primarily using derivative overlays with clear limits [plus or minus] per asset class.”
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Features
On the comeback trail
This month’s Off The Record survey focuses on pension fund investment in private equity. Of the 34 funds that completed the survey, 70% stated they currently invest in private equity, while 30% did not.
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Features
How do you hedge?
This month’s Off The Record survey looks at pension fund liability hedging. Some 20% of funds responding to the survey had a current level of hedging relative to liabilities of over 100%, the highest being 115%. Over 25% of respondents had a level of 50-99%, while 29% gave their level ...
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Features
Nod for investment consultants
This month’s Off The Record survey focuses on pension funds’ use of investment consultants and their satisfaction with the services provided. Some 62% of funds said they used investment consultants on a retainer basis, while 38% did so on an occasional or project basis.
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Features
Information revolution
This month’s Off The Record survey asked pension funds in what ways they communicate with their members or participants. Over a third (38%) of respondents felt that postal correspondence was still the most important form of communication. Some 26.5% found their website to be the most important method, while only ...
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