UK - Goldman Sachs Asset Management (GSAM) and State Street Global Advisors (SSgA) have launched two new strategies for institutional investors.
GSAM has unveiled the GS Yen Liquid Reserves Fund, making it the first Japanese yen-denominated money market fund to be rated AAA by Standard & Poor’s.
Its investments will consist exclusively of securities or deposits carrying a short-term rating of at least ‘A-1’ or the equivalent with most securities rated ‘A-1+’.
Meanwhile, SSgA, has extended its 130/30 investment product range with the launch of UK Alpha Edge, with the objective of outperforming the FTSE All-Share Index by +4 % per year over rolling three-year periods.
Kanesh Lakhani, managing director of SSgA in the UK, said: “The key advantage of the 130 / 30 approach is that it allows managers to express both their negative and positive views to enhance returns while controlling risk.”
Global Pensions reported in March how SSgA won a £165m global equity 130 / 30 mandate from the Asda Group Pension Fund for Global Alpha Edge.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.