Fiduciary Management – Page 12
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Country ReportMandate roundup: PPF, Northern Trust, BlackRock, Morgan Pension Scheme
Pension Protection Fund appoints Northern Trust to provide global custody, securities lending services
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Country Report
When the trend is not your friend
The convergence between asset management and consultancy was a topic for discussion at a conference on fiduciary management organised by the German Federation of Financial Analysts and Asset Management (DVFA) in Frankfurt last November.
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Country ReportUK fiduciary-management market now has £70bn in assets, says KPMG
One-third of schemes to switch managers by 2017, KPMG survey predicts
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Special Report
Fiduciary Management: Slow burn
A few early adopters have embraced fiduciary management in the UK. Gill Wadsworth asks whether they were wise to do so
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Special Report
Fiduciary Management: Who’s watching the watchers?
Specialist overseers have a crucial role to play for pension funds using fiduciary managers. But the trustees themselves must watch the watcher, writes Brendan Maton
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Special Report
Fiduciary Management: What’s wrong and what’s right
It seemed so full of promise, says Peter Kraneveld. But was fiduciary management just a fad? Did it ever get off the ground?
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Special Report
Fiduciary Management: Opportunity knocks
Asset managers should recognise fiduciary managers as less of a threat and more of an opportunity, says Nigel Birch
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Special Report
Fiduciary/Delegation: Your faithful friend?
Liam Kennedy assesses the European market for fiduciary management. Where the earliest fiduciary contracts outsourced almost the entire value chain of pension management, more recent agreements centre on different levels of delegation, and managers are having to learn new tricks
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Special Report
Fiduciary/Delegation: Topiary
Failed by the fund of funds industry, investors are beginning to plant, nurture and clip their hedge funds themselves, finds Martin Steward
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Special Report
Fiduciary/Delegation: Competing advice
The obvious objection to pension funds bringing hedge fund selection in-house is the strain it puts on resources in the service of such a small part of the overall risk budget. The counter-argument, put by Andre Konstantinow, head of manager selection at the Barclays UK Retirement Fund, is that hedge ...
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Special ReportFiduciary/Delegation: Still life in the FoFs model
While relationships with funds of funds are evolving, Katharina Lichtner outlines the costs and dangers of going it alone in private equity
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Special Report
Fiduciary/Delegation: Hedge fund beta: a cheap core portfolio?
If the trend is towards core-satellite hedge fund portfolios, what does that mean for resource budgeting? It is tempting to see this as a passive-active portfolio – why would an investor not wish to maximise her budget for the active part and minimise her budget for idiosyncratic risk, illiquidity risk and, of course, costs, in the passive part? This is the argument behind ‘hedge fund beta’ – investable indices, ETFs, super-diversified funds of funds and quantitative, hedge fund replicators.
