Peter Pierce looks at the part sentiment plays in managers' investment decisions, and how measuring patterns of manager behaviour can help trustees when allocating capital.
Most entities who allocate capital to external managers (pension plan sponsors, fund of funds, endowments, etc) have not, for the most part, analysed the actual trade data behind the monthly returns posted...
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".