Fixed Income – Page 9
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Asset Class ReportsMulti-asset private credit comes to the fore
Investors are increasingly looking at multi-asset private credit mandates for diversification and stable risk-adjusted returns
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Asset Class ReportsCompenswiss: a newcomer to private credit
Four European pension schemes outline their activity in the private credit market
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Asset Class ReportsPenSam focuses on funds
Four European pension schemes outline their activity in the private credit market
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Asset Class ReportsRegulators shine a light on non-bank lenders
Although private market activity is slowing down, there are fears of systemic risk
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Asset Class ReportsNEST’s outsourcing strategy
When NEST was weighing up whether to outsource some of its private markets allocations, the decision was not straightforward.
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NewsSwiss occupational scheme tenders up to CHF1.2bn in bond mandates
The searches are for emerging market debt and US high yield bonds, considering both active and passive options
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NewsHöchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
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NewsNestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities
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NewsNew guidelines seek to define sustainability-linked loan bond instrument
ICMA body also released guidance for ‘green enabling projects’
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NewsSwedish funds agency sets soft ceiling on fees, changes tender order
FTN announces changes to its plans and improvements to the process, following lessons learned
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NewsBVV invests €2.5bn in high investment grade bonds to strengthen portfolio
While its allocation to illiquid investments remained unchanged in 2023, the fund’s exposure to equities was cut
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NewsBavaria’s civil servants scheme starts to buy short-term bonds
The scheme returned 11.2% last year, with assets under management reaching €4bn
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FeaturesMarket predicts US soft landing - June 2024
A combination of Federal Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.
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NewsSwiss schemes turn to corporate bonds as currency hedging costs rise
Currency hedging costs in the bond markets US and EU government bonds less attractive for the pension funds, says Complementa
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NewsPKBS cuts insurance-linked securities for fixed income, domestic property
teh scheme’s ILS active portfolio posted returns of -4.98% last year
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NewsGermany’s BVK redefines macro allocations in new investment strategy
As part of its its strategic asset allocation, the fund plans to invest in timber looking at ‘evergreen structures’
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FeaturesIPE Quest Expectations Indicator - May 2024
EU parliamentary elections are approaching fast. Current polls predict a shift to the right, with the current centrist parties remaining dominant and the extremist right overtaking the Eurosceptics. US President Donald Trump is still liable to be convicted in a criminal case, but his poll figures are rising.
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Opinion PiecesBond markets look set to become the new stewardship powerbroking arena
Investors in bond markets are starting to assume a more powerful position than equity investors to influence companies and countries. Innovation is sweeping through bond markets with the introduction of specific ‘use of proceeds’ bonds and sustainability-linked bonds.
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InterviewsMerseyside pension fund dials down domestic bias
Scheme’s strategic ambition is to move closer to the MSCI World index weightings
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Asset Class ReportsClosing the data gap in green, social and sustainability-linked bonds
Luxembourg’s bourse has capitalised on its experience as a green bond hub
