Asset Managers – Page 113
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NewsFriday people roundup
Legal & General Investment Management, Casey, Quirk & Associates, Clifford Chance, GAM, Morgan Stanley Investment Management, Deutsche Bank, SYZ & CO, AEW Europe
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News
Mandate roundup: VER, Pantheon, Danske Capital, William Blair
Finnish State Pension Fund VER awards €100m mandate to private equity firm Pantheon
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News
Pension funds must set 'proactive' tone over water-risk engagement
Call comes as report shows one-fifth of companies see water scarcity as detrimental to growth within three years
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News
Switzerland's Publica now considering active only for 'niche' investments
Country’s largest pension fund adds risk via fixed income portfolio rather than equities
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NewsWednesday people roundup
KAS BANK UK, Marzotto SIM, Schroders, Punter Southall, Old Mutual GI, BlueBay, SL Capital, AXA IM, Seneca, Candriam
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News
European asset managers, pension funds question value of commodities
Hermes shuts down active commodities business, citing waning interest among clients
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Country ReportUK fiduciary-management market now has £70bn in assets, says KPMG
One-third of schemes to switch managers by 2017, KPMG survey predicts
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News
European pension fund tenders $500m equity mandate using IPE-Quest
Undisclosed client prefers segregated account in form of single investor fund
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Special Report
Active Management: Alpha? Bravo!
One of the interviewees who contributed to this month’s special report recalls meeting someone with an unusual business card. Instead of a run-of-the-mill job title – ‘Managing Director’, say – this person styled himself ‘Alpha Generator’.
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Special Report
Active Management: Feast and famine
The ability to generate alpha might be a skill, but the amount of alpha available from the market is not a constant. Martin Steward asks how we might measure the alpha opportunity and whether investors should vary the risk budget they allocate to active management as a result
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Special Report
Active Management: False economies?
An influential consultancy tasked with finding savings in the UK’s local government pensions scheme has put forward the idea of pooling its funds into passive investment. Brendan Maton looks at the issues and the sector’s response
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Special Report
Active Management: The active-versus-active debate
Tracking error has often been used as shorthand for ‘activeness’ in portfolio management. Eric Colson explains the weakness of that approach, and how active share is a much stronger predictor of active performance
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Special Report
Active Management: Passive skeletons in the active closet
Charlotte Moore tests the limits of quantitative measures of ‘activeness’ in portfolio management, and finds that a good dose of qualitative common sense is a vital part of the manager selection process
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Special Report
Active Management: Diluting by concentrating
Concentrated portfolios can look like a proxy for high-conviction and high-alpha portfolios. Martin Steward asks if the two things necessarily follow one another
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Special Report
Active Management: The portfolio tax
C Thomas Howard argues that active equity fund managers are superior stock pickers but destructive portfolio managers, to the extent that stockpicking skill is completely wasted
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Special Report
Active Management: Understanding investment skill
Rather than outcomes-oriented measures, Michael Ervolini argues that to assess active managers’ skills they need to be isolated by comparing their portfolios with alternative, ‘adjusted’ portfolios
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Special Report
Active Management: DIY active
Charlotte Moore looks at the smart beta phenomenon and asks, is it really ‘smart beta’, or rather ‘cheap active’?
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NewsFriday people roundup
Morningstar Investment Management, La Française AM, Redington, Union Investment, Kames Capital
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News
Larger Dutch schemes pay more for asset management, survey shows
LCP reveals findings of survey on Dutch pension funds’ asset management fees
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News
Amundi, EDF in joint venture to offer energy-transition financing funds
New asset management company targets €1.5bn fundraising
