private equity
Alternatives: Treading a different path through the crisis?
With UK pension schemes holding significant allocations to alternatives, Dan Melley looks at how they have weathered the latest crisis.
DB schemes should diversify portfolios to protect against market crash, says Cambridge Associates
Trustees and sponsors of UK defined benefit (DB) schemes should consider diversifying their growth portfolios to protect against the possibility of a market crash, according to Cambridge Associates.
Border to Coast allocates over £1bn to private markets
Border to Coast Pensions Partnership has launched two private market offerings with over £1bn of commitments from its partner Local Government Pension Scheme (LGPS) funds.
Railpen cuts costs further and brings more investment in-house
RPMI Railpen is in the next step in the journey towards achieving cost disclosure. Victoria Bell tells Stephanie Baxter about taking part in the Cost Transparency Initiative's pilot phase
Four in 10 trustees say DC investment strategies are less sophisticated than DB - research
Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
Success for LGPS transparency code as 65 managers sign up in a year
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
The evolving role of property in pension funds
Over the last 50 years, there has been a steady downward trend in property asset allocation. Charlotte Moore explores how scheme attitudes are changing
Big reprieve for LGPS as regulator eases EU rules
The Financial Conduct Authority (FCA) has eased new rules for the Local Government Pension Scheme (LGPS) after concerns they could pose barriers to infrastructure investment and even cause an asset fire-sale.
LPFA/Lancashire's joint venture pools £1.8bn private equity assets
The Local Pensions Partnership (LPP) has set up a private equity structure, bringing together the investments of the London Pensions Fund Authority and Lancashire County Pension Fund.
Willis Towers Watson launches secure income strategy to deliver better cash flows
Willis Towers Watson has introduced a secure income fund that provides a cash flow generating alternative to traditional credit and gilts.
JPMAM publishes 2017 long-term capital market assumptions
Returns from privately held global infrastructure equity over the next 10 to 15 years will exceed average returns from a traditional 60/40 portfolio of stocks and bonds, J.P. Morgan Asset Management forecasts.
How can DC default quality be improved?
Recent research from Cerulli Associates shows improving the quality of DC default funds is a major priority for the industry across Europe. Helen Morrissey looks at how this might be done.
Three quarters of schemes to raise infrastructure allocation
Infrastructure is set to be the most popular alternative investment among pension funds over the next three years, according to research.
Are deficits starting to spook investors?
The cost and size of pension deficits are increasing which has consequences for trustees, company directors and shareholders. Michael Klimes asks if investors are starting to worry.
Partners Group launches first private market DC fund
Partners Group has launched the first private market fund for UK defined contribution schemes.
Is private equity performance really immune from market volatility?
PP asks if the alternative asset class actually delivers diversified returns during these market jitters.
Private equity returns fall on the back of market volatility
Returns from private equity investments turned negative in the third quarter last year, marking an abrupt end to a 12-quarter streak of positive returns, according to State Street.
Low & Bonar completes £34m medically underwritten buy-in
Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.
European pension funds lead the way on gender diversity
Pension fund boards and executive committees across Europe have shown the strongest female representation in the capital markets sector, according to a report by New Financial.
USS sells 40% of ownership in Moto to private equity partner
Universities Superannuation Scheme (USS) has sold 40% of its shareholding in Moto Group to funds advised by CVC Capital Partners (CVC) after acquiring the company just two months ago.
Boat builder accused of missing three months of pension contributions
Fairline Boats has been accused of missing three months of pension contributions for its 468-strong workforce.
Private equity industry commits to better transparency and reporting
A new set of guidelines has been issued to force private equity firms to improve reporting and fee transparency following concerns from investors in recent months.
How EU regulation could force a fire sale of 50% of LGPS assets
LGPS funds will be reclassified as retail investors, which could lead to a major asset sell-off, increase costs, and restrict what they can invest in, finds Stephanie Baxter
NAPF: Greater Manchester warns public markets are getting 'horribly risky'
Public equity markets are becoming much riskier than private equity with flash crashes and higher volatility, according to Greater Manchester Pension Fund (GMPF) investment manager Neil Cooper.
