Asset Allocation
UK scheme fiduciary management hits £40bn
UK pension scheme assets under fiduciary management have reached £40bn, a study of the burgeoning industry reveals.
Pensions account for $30trn in assets under management
GLOBAL - Pension fund assets accounted for almost $30trn of investment manager assets worldwide in 2010, research by TheCityUK shows.
UK pension funds hit £1.9trn AUM
UK pension funds had $2.9trn (£1.9trn) of assets under management at the end of last year, a survey finds.
AQR offers prize money for research
US - AQR Capital Management has launched a $100,000 annual award competition for academic papers that have the most significant practical implications for investors.
Mercer appoints EMEA asset allocation head
Mercer has recruited Paul O'Connor as head of asset allocation for its investment management business in Europe, Middle East and Africa.
Pension funds increase alternatives allocation by 16%
The use of alternative assets by pension funds grew by 16% in 2010 to $952bn (£596bn), according to research by Towers Watson.
Lothian Pension Fund seeks advisers for Investment Panel.
Lothian Pension Fund has gone out to tender for two investment advisers to sit on its Investment Strategy Panel following the expiration of the current adviser contracts.
Round up - 4 July
Focus switches to active fixed income; Reductions in equity exposure to continue
The value of flexibility
Andrew Benton argues that dynamic asset allocation is a key part of protecting the purchasing power of investors' money
FTSE scheme deficits plummet as equities rally
The UK's biggest defined benefit schemes have knocked £40bn off their deficits over the past year, as stronger equity performance pulls schemes towards full funding, figures show.
Asset allocation changes still take minimum three months - Aon Hewitt
UK - Pension trustee boards continue to struggle to make swift changes in allocations to new asset classes, research by Aon Hewitt shows.
Ignoring climate change risk will cost schemes trillions
Schemes must factor in climate change risk to their asset allocation strategies over the next two decades or face losing trillions of pounds, Mercer warns.
AllianceBernstein to launch off the shelf target date range
AllianceBernstein is to launch a range of off-the-shelf target date funds for trust and contract- based defined contribution schemes.
Asset allocation more important than manager selection
Schemes should concentrate on asset allocation and fees not manager selection, Evercore Pan Asset says.
Leicestershire CC fund targets £10m annual outperformance
The Leicestershire County Council Pension Scheme has challenged Aegon Asset Management to deliver £10m annual investment outperformance after handing the firm a £2bn asset allocation mandate.
Molins awards Aegon AM £300m investment mandate
Manufacturing firm Molins has awarded Aegon Asset Management a £300m mandate to overhaul its scheme investments.
Pension funds assets should be 50% emerging markets, says Booth
GLOBAL - Pension funds should be investing at least 50% of their assets in emerging markets, Ashmore head of research Jerome Booth suggests.
Barclays Retirement Fund bolsters in-house investment team
The £16bn Barclays UK Pension Fund has added to its in-house investment team with the appointment of Stergios Saloustros as head of dynamic asset allocation.
Babcock appoints Northern Trust
Babcock International has appointed Northern Trust to provide £2bn in global custody, transition management, investment accounting and performance measurement services for the group's pension fund assets.
Balanced pooled funds post first negative return of 2010
Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.
Japan public fund considers asset management split
Japan - Japan's $1.35trn public pension fund could split its asset management in two, creating separate pools of safe assets and those offering higher returns, a government panel has said.
Medium-term thinking
John Dickson of Hymans Robertson explains how schemes can take advantage of medium-term anomalies in order to boost returns
Schemes maintain equity allocations despite market volatility
Schemes still favour equities despite market volatility, a J.P. Morgan Asset Management survey reveals.
Irish pension funds post positive returns for sixth consecutive month
IRELAND - Irish pension funds continued to deliver a positive performance for the sixth month in a row, returning 2.8% on average through August, Rubicon Investment Consulting research reveals.