Fixed Income – Page 3
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NewsImpax Asset Management to acquire fixed-income firm SKY Harbor
Following the completion of the acquisition eight SKY Harbor team members including senior executives will join Impax
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NewsBayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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NewsAt retirement DC phase lagging on sustainability, says Barnett Waddingham
Consultancy also reports big gap in 2023 returns between worst and best DC providers, led primarily by strategic asset allocation
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Asset Class ReportsNEST’s outsourcing strategy
When NEST was weighing up whether to outsource some of its private markets allocations, the decision was not straightforward.
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Asset Class ReportsRegulators shine a light on non-bank lenders
Although private market activity is slowing down, there are fears of systemic risk
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Asset Class ReportsPenSam focuses on funds
Four European pension schemes outline their activity in the private credit market
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Asset Class ReportsCompenswiss: a newcomer to private credit
Four European pension schemes outline their activity in the private credit market
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Asset Class ReportsMulti-asset private credit comes to the fore
Investors are increasingly looking at multi-asset private credit mandates for diversification and stable risk-adjusted returns
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Asset Class ReportsPublic-to-private borrowing is a two-way street
The private credit boom seems to be drawing to a halt as public funding becomes cheaper
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Asset Class ReportsPrivate credit: How banks are joining forces with managers
As the private credit market grows, banks are looking to partner with private credit managers rather than compete with them
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Asset Class ReportsDenmark’s Lærernes ups its appetite for private credit risk
Lærernes Pension (LP), the pension fund for teachers in Denmark, started investing in private credit in 2018, in small amounts. In 2021 it made a more sizeable strategic allocation to the asset class.
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FeaturesAnalysts push back on rate cuts
Federal Reserve chair Jerome Powell’s June press conference was, like most careful central bank-speak, open to interpretation. It was possibly slightly dovish with a hint of hawk. However, in the aftermath of the press conference, and following a few busy days of US economic data releases, many analysts have pushed back their forecasts for the number of interest rate cuts this year.
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NewsSwiss occupational scheme tenders up to CHF1.2bn in bond mandates
The searches are for emerging market debt and US high yield bonds, considering both active and passive options
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NewsHöchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
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NewsNestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities
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NewsNew guidelines seek to define sustainability-linked loan bond instrument
ICMA body also released guidance for ‘green enabling projects’
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NewsSwedish funds agency sets soft ceiling on fees, changes tender order
FTN announces changes to its plans and improvements to the process, following lessons learned
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NewsBVV invests €2.5bn in high investment grade bonds to strengthen portfolio
While its allocation to illiquid investments remained unchanged in 2023, the fund’s exposure to equities was cut
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NewsBavaria’s civil servants scheme starts to buy short-term bonds
The scheme returned 11.2% last year, with assets under management reaching €4bn
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FeaturesMarket predicts US soft landing - June 2024
A combination of Federal Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.
