UK - Ex-Watson Wyatt currency specialist Kurtay Ogunc has branched off into business on his own, founding the asset management/strategic advisory firm Alpha Dynamics Group.
Currency as an asset class is a fairly nascent concept in the pension fund universe, with most funds seeking to first mitigate the effects of a rising home currency to stem losses in overseas investments, before looking at currency exposure as a possible source of alpha.
The ADG Multi Manager FX Fund, part of the start up group’s new offering, is to target an expected return of LIBOR plus 10% per annum, with a 7 to 9% annual standard deviation in a downside risk protection framework.
“The investment objective is to develop and actively manage a portfolio of currency managers that can produce attractive risk-adjusted real returns with low correlation to traditional as well as alternative investment approaches,” said Ogunc.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.