International fund manager Barclays Global Investors (BGI) has launched a new asset allocation vehicle for pension fund clients.
The BGI Ascent Asset Allocation (AAA) is a unitised fund and takes positive and negative positions in 30 different equity, bond and currency markets, using BGI’s global asset allocation model.
The fund, which is domiciled in Dublin, aims to achieve:- a 20% p.a. outperformance above its benchmark, the seven-day sterling LIBID- a standard deviation (volatility) of returns of 25% p.a.- returns uncorrelated with equity and bond markets
*BGI invented the first quantitative tactical asset allocation strategy in 1973, and currently manages about £45bn in active asset allocation strategies.
By Madhu Kalia
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".