Pension Fund Strategy – Page 157
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NewsGerman church pension funds shift towards direct real estate
VKPB, KZVK use asset class as ‘risk buffer’ to help maintain high equity exposure
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News
LPs turn backs on core private equity managers, finds Coller Barometer
Survey suggests many still expect terms to improve, and fear North American funds run with too much debt
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UK roundup: Total UK Pension Plan, PIC, LCP, Aon, Mercer
Oil company’s pension scheme secures £1.6bn buy-in in UK’s second biggest transaction
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Smart-beta popularity reminiscent of value investing mistakes – Cambridge
Investors continually ‘fighting last war’ when looking to protect capital, US consultancy warns
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Strathclyde to add drug royalty exposure after below-benchmark returns
Scheme invests in fund specialising in purchasing drug royalty agreements between pharmaceutical companies, smaller developers
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Swiss watchdog laments 'rudimentary' data on pension fund risks
Vice-president at Oberaufsichtskommission questions regulator’s ability to assess pension funds’ investment risk
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ABP, Folksam, Folketrygdfondet win RI Reporting Awards
Dutch, Nordic pension funds singled out for excellent responsible investing, ESG reporting
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Most hedge fund index returns explained by alternative beta – Towers Watson
Diversification benefits of alternative beta strategies could outweigh use of hedge funds in pension fund portfolios, consultancy says
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Schmidt-Narischkin to take on 'holistic' role at Towers Watson Germany
Deutsche Asset Wealth Management head to join consultancy in July
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Equities, bonds bolster coverage ratios at Dutch pension funds
Consultancies estimate 1 percentage point funding improvement for May
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UK set to confirm collective DC as future pension in DA debate
Reports suggest Wednesday’s Queens Speech will include setting up CDC framework in legislative agenda
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APG buys 22.8% stake in Finnish residential firm from Varma
Pensions giants close SATO deal as both look beyond own borders for property exposure
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Special Report
Risk and Portfolio Construction: Absolutely clear
Absolute return bond strategies are understandably attracting a lot of attention, but it is a complex and diverse sector. Joseph Mariathasan looks at some key characteristics
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Special Report
Risk and Portfolio Construction: All change
Tapan Datta asks how investors can begin to address uncertainty in a rising yield environment, in bond portfolios, multi-asset portfolios and LDI strategies
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Special Report
Risk and Portfolio Construction: Annus horribilis?
After a 30-year bond bull market and an arguably easy run for risk parity, in 2013 practitioners suddenly found themselves grappling with significant problems in multiple asset classes. Jennifer Bollen asks four leading managers how they coped with the consequences of last summer’s bonds slump
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Special Report
Risk and Portfolio Construction: Beefing up the midfield
Investors that need both to limit the volatility of their funding-levels and achieve returns in excess of their liabilities face the twin challenge of low-growth and rock-bottom interest rates. In response, Lynn Strongin Dodds finds them adapting their traditional ‘barbell’ portfolios, albeit slowly, into something more broadly diversified
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Special Report
Risk and Portfolio Construction: Keep calm and carry on
Against the broad consensus that rising bond yields have to be bad for bonds, Charlotte Moore finds that being short duration can be punishing if those yields rise more slowly than the market expects
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Special Report
Risk and Portfolio Construction: Rates of change
To a large extent today the question of what to do in portfolio construction is really a question of what to do about interest rates.
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Special Report
Risk and Portfolio Construction: A corner turned
The consensus is that 2012 saw the trough of the 30-year downdraft in interest rates. Daniel Ben-Ami tests the strength of this conviction and describes the scenarios that could threaten it
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Special Report
Risk and Portfolio Construction: From solo to tango
As the bond markets move from bullish to bearish, David Turner asks if we need new assumptions about asset class correlations
