Pension schemes are being urged to brace themselves for more volatility in the fixed income markets next year and to expect smaller returns from government bonds.
Consultants "love" diversified growth funds (DGFs) because they are complicated and difficult to compare, Spence Johnson director Nils Johnson says.
Macro Currency Group's Ashley Shaw discusses absolute returns.
Institutional investor concern over hedge fund transparency is driving up risk management standards, leading the industry to become more "institutionalised", an SEI report finds.
Andrew Short considers the value of absolute return bond funds in overcoming the low returns caused by a stagnating economy
Andrew Short asks if absolute return funds are failing to fulfil their remit and whether they still have a role to play in today's fund portfolios
AUSTRALIA - The Labour Union Co-operative Retirement Fund (LUCRF) Super has appointed Aviva Investors to run a A$51.5m absolute return fixed income mandate.
Threadneedle has launched an absolute emerging market macro fund following demand from clients.
A group of former Citi employees has launched a firm to help pension funds access alpha-generating investments.
US - The California State Teachers' Retirement System (CalSTRS) has appointed John Petzold as its first director of investment management/deputy chief investment officer.
AUSTRALIA - The median Australian superannuation growth fund returned 10.4% in the year ended June 30, besting its target returns by over 300 basis points, according to data by Chant West.
NEW ZEALAND - The New Zealand Superannuation Fund has fired AXA Rosenberg from a long-short and a small-cap equity mandate, the scheme said today.
US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Medewerkers Apotheken (PMA) has filed a federal court lawsuit against State Street Bank and Trust alleging breach of fiduciary duties and securities fraud following losses in a 120/20 fund.
US - The City of New Haven's Employee Retirement Fund (NHERF) has invested US$8m in a hedge fund replication strategy based on exchange traded funds (ETFs) marking the scheme's first foray into hedge funds.
US - The New York State Common Retirement Fund (CRF) invested US$150m combined in private equity and absolute return strategies in October, according to the scheme's monthly transaction report.
The Universities Superannuation Scheme has appointed UBS Global Asset Management - Fund Services to deliver hedge fund of funds administration services.
Gissings Consultancy Services has launched a no fee consultancy service designed for schemes valued between £10m and £50m.
bfinance has completed a management buy-out which gives the management, led by founder and chief executive David Vafai, ownership of 100% of the company.
European schemes are increasing their allocation to non-traditional asset classes in a bid to manage their risks more effectively, Mercer says.
GLOBAL - European and North American pension schemes are set to increase equity allocations at the expense of fixed income, a survey by bfinance reveals.
Andrew Sheen examines why it is essential that schemes investigate the opportunities afforded by absolute return funds while the outlook is bearish
In another of PP's bi-monthly interviews with scheme managers, SEBASTIAN CHEEK speaks to Telegraph Pension Scheme pensions manager JAMES CHURCHER
Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.
UK - Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.