All illiquid assets articles – Page 2
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Opinion PiecesUnder 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.
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NewsCurrency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
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NewsTelecom 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
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NewsSwiss 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
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Opinion PiecesWhy 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?
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NewsRailpen 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
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NewsFinancial 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
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NewsUK’s NEST looks to add to illiquid assets
As at 31 March 2023, NEST was managing £29.6bn on behalf of scheme members
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NewsDB 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
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NewsInarcassa considers higher exposure to illiquids, infrastructure
The next strategic asset allocation could lead to wiping out liquid alternative investments from the scheme’s portfolio
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NewsESG and private markets' high fees are ‘real barrier’ for DC schemes, says WTW
Master trusts continue to lead the way on incorporating ESG considerations within a default investment strategy
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AnalysisAnalysis: Industry calls for regulation focus for trustees to drive economic growth
It’s important to recognise the difference in the role of DB and DC scheme trustees, says Isio
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AnalysisAnalysis: Encouraging DB schemes to take more investment risk
With the call for evidence closing today, consultants shared what needs to be done to encourage DB schemes to take on more investment risk
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NewsTPR updates DC guidance ahead of illiquid ‘disclose and explain’ regulations
New regulations have removed regulatory barrier that may have hindered trustees from exploring investment in certain funds with performance fees
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NewsUK roundup: Leonardo Helicopters scheme picks Isio as actuarial adviser
Plus: DB trustees focus on illiquids when targeting bulk purchase annuities; Pension industry urged to reach out to LGBTQIA+ community
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NewsGermany’s KENFO plans slight increase in illiquid assets
The fund took tactical measures to cushion losses in 2022 that stood at the end of the year at -12.2%
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NewsUK master trusts don’t survey members on risk appetite
‘Risk considerations are not driven by member views but by expert opinion,’ says Hymans Robertson
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NewsPLSA supports UK growth investing, but with focus on best outcomes for savers
TPR calls on trustees to focus on protecting savers
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Country ReportUK: Schemes must prioritise members
Pension funds are encouraged to invest in UK illiquids, but it cannot come at any cost
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NewsUK roundup: PLSA issues stewardship and voting guidelines
Plus: LCP launches Illiquid Asset Solutions Group; PASA releases dashboards guidance
