Asset Allocation – Page 18
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NewsBASF Pensionskasse tweaks allocation, increasing bonds and private equity
The scheme made new investments in its three bond funds totalling €438m
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NewsSwedish roundup: AP7 tender; Folksam, KPA, Skandia and Länsförsäkringar returns
Premium pension default provider seeks internal audit services
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NewsAMF posts 4.4% first-half return and says it can continue to broaden portfolio
Swedish blue-collar pension fund reports gains from listed equities, fixed income and alternatives between January and June
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NewsGermany’s BVV to boost bond investments
The pension fund is also planning to slightly increase allocations to infrastructure by 0.7% this year
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NewsGermany’s KENFO plans slight increase in illiquid assets
The fund took tactical measures to cushion losses in 2022 that stood at the end of the year at -12.2%
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NewsHöchster Pensionskasse ups loan investments as interest rates rise
It recorded net returns on invested assets of 3.10% last year, outperforming the forecast given in the previous year’s report
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NewsNordic roundup: Industriens posts 3.3% in H1, Sampension sees weaker H2
Sampension CIO says second half of 2023 could well be weaker than the first, as market positivity overblown
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NewsLGPS funds should retain autonomy over asset allocation, says pensions industry
External directives ‘may backfire’ and lead to ‘poorer outcomes’ for scheme members and sponsoring employees, says Hymans Robertson
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NewsSovereign investors reshape portfolios after year of negative returns
Sovereign investors are now more resolute than ever in their ambitions to fund the energy transition
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NewsLD Pensions’ returns grow in June, but it warns of slowing economic growth
Danish pension fund manager reports 5.5% first-half return for Holiday Allowance Fund
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NewsBayer Pensionskasse prioritises fixed income high credit rating allocation
Following an ALM study last autumn, the scheme has adjusted its strategic asset allocation
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NewsAP7 takes first direct private equity step and plans to pick GPs for long term
Per Olofsson, acting CIO, gives IPE the low-down on the Swedish pension fund’s journey into new asset classes
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NewsGerman doctors’ pension scheme builds up directly-held bond portfolio
The pension fund recorded positive returns of 3.3% last year on assets invested, despite losses in bond and equity markets
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NewsDanish pension funds recoup seventh of 2022 losses by end of May
Velliv warns it could take up to five years to iron out last year’s pension losses
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NewsLothian scheme commits to infrastructure with 13.4% allocation
The value of unquoted private equity, infrastructure, timber and secured loan investments at 31 March 2023 stood at £1.7bn
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NewsGerman church pension fund pivots to private debt in new strategy
The scheme is also reviewing its overlay mandates for equities and currencies
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Country ReportItaly: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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FeaturesFixed income, rates & currency: US debt crisis averted – what next?
The US debt ceiling crisis was resolved in June, avoiding potentially major fireworks, with a suspension of the limit until early 2025. This ensures that the next time the politicians have to fight about it will be after the November 2024 presidential election. Although markets were relieved at the temporary resolution, the process of rebuilding the very depleted Treasury cash balances – with some huge bill auctions planned – will drain significant liquidity from the system, which could put pressure on the rates market.
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FeaturesAhead of the curve: Is growth back or is it a trap?
It is likely you have heard about ‘value traps’. They are low-multiple companies that are priced at an ever expanding discount to the market and structurally underperform as fundamentals weaken due to new competition and, in extreme scenarios, may even face obsolescence.
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FeaturesQontigo Riskwatch – July 2023
*Data as of 31 May 2023. Forecast risk estimate for each index measured by the respective US, World and Emerging Markets Qontigo model variants
