All articles by Rachel Fixsen – Page 203
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Features
Funds take their own approach
Every pension fund is, or should be, aware of its liabilities – the benefits it owes each one of its members, now or in the future. But although taking steps to tailor the investment mix to cover these liabilities may seem to make sense, in practice pension funds take different ...
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Features
Flying below the radar
The E400m Belgian industry-wide construction scheme, FSE-FBZ, finished a major asset transition in May last year. The scheme is essentially a social fund, of which part will become a pension fund in the future. It was due to this change that restructuring was being undertaken. Because of the size of ...
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Features
Plus ça change plus...
Change can be good for business. And if you are a transition manager, then definitely. The widespread rethinking of portfolio composition by institutional investors has given a boost to the transition management sector, even if the market slump that precipitated it has eroded the pension assets themselves. Transition management is ...
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Features
Doing it in phases
There is no doubt that reallocating millions in portfolio assets carries huge risks. But while transition managers can smooth the more complex asset shifts and keep costs and dangers to a minimum, there are often less expensive ways of dealing with change, say consultants. Typically, pension funds are turning to ...
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Features
Working to standards
Eighteen months ago, consultants and managers Russell kick-started the process of establishing a standard for measuring portfolio performance during transitions. The result is the T Standard, which sets out the success and performance of a transition. “From the word go, we didn’t want to say that Russell says this is ...
