All illiquid assets articles
-
News
ATP’s Northvolt exposure highlights problem of illiquids in geared portfolio
Copenhagen professor argues the challenge of a single-company illiquid investment becoming too dominant is much larger in highly-leveraged portfolio, like ATP’s
-
News
XPS launches illiquid assets solution
XPS Xchange adopts a three-pillar approach, enabling trustees to search for buyers and sellers across brokers, secondary fund managers and other buyers
-
News
Britannia Pension Scheme sells £72m investment in private credit fund
The transaction marks the first deal for Isio Fund Liquidity Options
-
News
KENFO overshoots target return as it continues illiquids expansion
The pension posted a return of 11.1% in 2023, the highest annual return to date, compared with -12.2% in 2022, and against a target return of 4.2%
-
News
BVV 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
-
News
UK master trusts look to adopt dual default strategy for illiquid assets
Research by Isio found that 10 master trusts plan to allocate illiquid assets throughout their entire lifespan
-
News
Isio launches platform for pension schemes to sell illiquid assets
The desire from pension schemes to sell illiquid assets increased following the budget in September 2022
-
News
XPS launches solution for DC schemes in response to Mansion House reforms
The solution targets a 20% allocation to illiquid assets
-
Special Report
Round table: Manager selection priorities for 2024
IPE asked eight manager research business leaders: what will be the three most important topics or trends in manager selection over the next 12 months and beyond?
-
News
DC pension scheme majority prefers to access illiquids via LTAFs, survey says
The main barrier to investing in private markets, highlighted by respondents, are high fees
-
News
ATP agrees with critics that illiquids weighting is too high
Danish pensions heavyweight defends guaranteed model, saying it remains what lawmakers want
-
Opinion Pieces
Under the spotlight: US pension plans and their use of leverage
Does US public pension funds’ use of borrowed money and derivatives pose systemic risks to global financial markets? That is the concern of global regulators, which have recently stepped up scrutiny of the practice, according to a recent article in the Financial Times (FT). But senior executives interviewed by IPE seem less worried.
-
News
Currency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
-
News
Telecom Italia’s pension fund rules out illiquid investments
The average age of pension members is too high to invest in those asset classes, the scheme says
-
News
Swiss investors weigh up illiquids as valuation uncertainties mount
PPCmetrics is currently observing ‘great uncertainty’ as to whether the stated valuation of some illiquid assets reflects their true value
-
Opinion Pieces
Why DC pensions should choose private equity as first step into illiquids
Governments, regulators, central banks and even trustees are talking about illiquid investments and the productive economy. This is correctly driven by an underlying belief that illiquid assets can improve overall portfolio risk-adjusted returns. But most importantly, if defined contribution (DC) trustees are already keen to get behind productive finance, where do they start if they currently allocate nothing to illiquids?
-
News
Railpen framework to help investors assess their capacity to invest in illiquids
The framework focuses on the illiquidity aspect of private markets, rather than the potential for additional return or diversification
-
News
Financial return not the only benefit of illiquid investing, report finds
PLSA published a series of case studies to show how pensions schemes invest in illiquid assets
-
News
UK’s NEST looks to add to illiquid assets
As at 31 March 2023, NEST was managing £29.6bn on behalf of scheme members
-
News
DB pension funds ‘working against’ government’s productive finance agenda
Defined benefit schemes have now stopped and some even reduced their allocation to illiquid assets, says WTW