White papersPutting Direct Lending in Context
Private credit is drawing increased attention, but not all strategies behave the same. Traditional middle market direct lending is best understood by looking beyond headlines to underlying fundamentals—an approach that helps explain its continued role in long‑term portfolios.
White papersInfrastructure Debt Edge
In this Q&A with AM Best, Orhan Sarayli highlights how infrastructure debt can enhance insurer portfolios through strong risk-return attributes, diversification and long-duration cash flows.
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NewsUK consults on DB surplus release rules as industry sees boost for run-on strategies
Draft regulations would allow surplus extraction above low-dependency funding threshold, reshaping defined benefit endgame strategies
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NewsCOVIP chair urges deeper capital markets to unlock pension investment in Italy
‘The issue is not about mandating domestic investments; the issue is making Italy more attractive for long-term pension capital,’ says COVIP’s Mario Pepe
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NewsAsset owners tell EU to hold its nerve on carbon price
Allianz, AkademikerPension and Sampension among those to sign a statement ahead of today’s negotiations on the EU ETS
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AnalysisISSB races to pin down nature definitions before October consultation
Investors back International Sustainability Standards Board nature plan but warn on jargon and data
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NewsNew Danish government vows task force for institutional investment in startups
Pensions lobby bemoans no axing of special tax on insurance and pension sector in Frederiksen-led government programme
VideoNatural Capital for Impact
Regenerative farming may be one of the most interesting natural capital opportunities for institutional investors. It yields healthier food, restores ecosystems and mitigates climate change while potentially offering sustainable returns. Discover the investment potential of regenerative farming by watching this video.
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NewsAsset owners underuse mandates to drive engagement, says new guidance
IIGCC report encourages asset owners to weigh climate stewardship as a determining factor for manager selection
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NewsItaly’s Covip shifts pension fund levy to assets under management
COVIP, the Italian supervisor for the pension fund industry, is introducing a new contribution structure to fund its supervisory activities
White papersThe lifecycle remix: glidepaths, personalisation and private assets
This paper explores how lifecycle investing is being remixed for a new era — through more sophisticated glidepath design, greater personalisation, and the expanding role of private assets in retirement portfolios.
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NewsJanus Henderson bolsters European private credit with Rantum acquisition
Rantum’s expertise in private equity could support future product development as part of Janus Henderson’s wider private markets strategy
White papersImplementation Alpha Across the Fixed Income Spectrum
Disciplined implementation can reduce costs drag and capture inefficiencies across the fixed income spectrum from indexing to enhanced and active strategies.
White papersInflation Squeezes Consumers and Producers Alike
Inflation isn’t just a headline, it’s spreading through the supply chain. Energy costs are lifting producer and import prices, increasing the risk of persistent inflation. Even if energy pressures ease, underlying inflationary momentum is likely to remain.
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NewsInvestors create definitions and assessment framework for shareholder engagement
VOICE project intended to help asset owners convey expectations of asset managers for ‘good’ stewardship
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NewsBayer shuns active FX risk with extensive pension asset hedging
German pharmaceutical and biotechnology company Bayer hedges most pension currency exposure to avoid uncompensated risk
White papersA renewed imperative for green transition
“The crisis is a stark reminder that security extends beyond defence. It depends, among other things, on secure energy and resilient supply chains. Transitioning to clean energy is therefore both an environmental priority and a strategic imperative for geopolitical strength and economic resilience.”
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NewsPension groups call for stronger member representation in UK regulator’s strategy
Industry respondents back TPR’s direction but seek stronger safeguards around governance, consolidation and fiduciary duty
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AnalysisAsset owner June insights: asset allocation at time of regulatory change
Pension reform, EU regulation, threats to shareholder rights, reallocation away from US assets and more - read what’s kept European pension funds busy over the past month
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NewsEU parliament proposes VC allocation requirement in IORP II review proposal
Damian Boeslager, the MEP in charge of the IORP II reform for the European Parliament, has outlined his initial thinking about the way forward



