Asset Allocation – Page 55
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FX cap hurts Austrian pension funds’ performance
Caps to be scrapped by January in line with IORP II reforms
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Collateralised loan obligations gain traction with German institutions
Swiss consultancy Siglo notes changes in perception of structured credit in the wake of the financial crisis
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Norway’s oil fund sees first inflows since 2015
Sovereign wealth fund misses benchmark in second quarter with 1.8% gain
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UK public pension funds establish private equity vehicle
Plus: Merseyside Pension Fund sets targets to mitigate climate-related transition risk
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Varma investment chief laments lack of options for investors [updated]
Finnish pensions insurance giant Varma posts 1.7% investment return in first half
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Norway’s Nordic sovereign fund swelled by oil prices in first half
Manager Folketrygdfondet beats benchmark in equities and bonds
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TNO scheme to increase private equity holdings to 7.5%
Target would require annual investments of €80m
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Church pension fund to increase infrastructure spend in allocation shift
Emerging market allocation gained nearly 30% in 2017, according to the Church fo England Pensions Board’s annual report
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Private equity funds paying out more than they spend, study shows
Distributions have ‘significantly and durably’ outstripped capital calls for several years, according to eFront report
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Investors urged to diversify in private debt as assets hit record level
Focusing on mid-market corporate direct lending ‘too constraining’, according to Willis Towers Watson
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Mandate roundup: €5.7bn French scheme hunts ‘flexible allocation’ manager
Plus: FRR adds BlackRock to transition manager roster; Finland’s Keva hires fixed income technology provider
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High pharma exposure depresses Alecta’s returns in first half
Sweden’s biggest pension fund left disappointed after first-half investment performance
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AP1 boosts defences in first half with shift out of equities
CEO warns against short-termism distracting from “comparative advantage” of long term investing
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€11bn Italian fund launches alternative investment tenders
Fondo Pensione Previndai is seeking up to nine private equity, infrastructure and direct lending managers
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Mandate roundup: Pension fund seeks green bond strategies via IPE Quest
Plus: €1.7bn Ircantec bond mandate, UK schemes appoint DC providers
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Dutch bank scheme incurs loss on catastrophe bonds
ABN Amro scheme posted 2% return for 2017 despite the setback
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NEST takes first steps into commodity investment
CoreCommodity Management to run DC provider’s first segregated mandate
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UK lifeboat fund bolsters reserves despite record year for claims
The Pension Protection Fund reported a £6.7bn surplus after taking on Carillion, British Steel schemes
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France’s FRR preps return to US small caps
Plus: Tobacconists’ scheme seeks multi-asset management
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Medical consultants’ scheme introduces risk management framework
Currency hedge and emerging market equity returns helped SPMS post a 5.2% return for 2017