UK- Goldman Sachs Asset Management has been hired to run a £200m currency mandate for the Superannuation Arrangements of the University of London (SAUL) trustees pension fund.
The mandate will overlay the overseas equity assets in the SAUL portfolio and seek to add return by exploiting inefficiencies in global currency markets, Goldman Sachs said.
Oliver Bolitho, head of UK business development at GSAM said: We are delighted that SAUL has chosen to select our team for this important mandate. Currency is a very attractive asset class for mature pension funds who are looking to improve returns. The currency markets offer significant and consistent opportunities for managers to add value.
SAUL is the centrally administered pension scheme for non academic employees of the University of London.
The thirteen strong GSAM currency team is based in London and New York and headed by Philip Moffitt. The GSAM currency process combines a quantitative and fundamental research process covering 36 world currencies. The specialist currency team manages in excess of £5bn in currency assets.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead