Fixed Income – Page 48
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News
Royal Mail maintains pension surplus on back of strong Gilt returns
Increased surplus comes despite comparable increase in liabilities of £1.3bn across both funds
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News
European supervisors call for more coherent securitisation framework
Joint report by supervisors calls for policymakers to align disclosure, due diligence framework for all institutional investors
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News
Royal London wins £250m credit mandate from South Yorkshire scheme
Mercer-led search yields 33 offers
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News
Denmark's ATP returns 6% despite 'unusual' markets
Chief executive praises Danish equity holdings as commodities, inflation risk classes see losses
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Features
Asset Allocation: The big picture
Although the severe winter did have a significant impact on US economic activity in the first quarter, the strength of the headwinds from a stronger dollar and the collapse in capital spending within the energy sector have also taken their toll
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News
Finland's VER returns 7.4%, names managing director
Strong equity returns offset by fixed income portfolio’s results of 1.8%
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News
Norwegian sovereign fund reports record quarterly return
Fund sees inflows from Norwegian government fall further in Q1 on back of low oil prices
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News
Germany's BVV increases real assets, braces for more regulatory hurdles
Largest German Pensionskasse seeks steady returns from infrastructure, real estate
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NewsSwiss pension funds put on brave face over negative interest rates
Industry representatives confident pension system will adapt to low-interest-rate environment
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NewsLGPS funds could consider legal action over mandatory passive shift
South Yorkshire fund weighs becoming collective vehicle for other LGPS funds should new UK government choose shift to passive investment
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News
Swiss funds troubled by impact of negative 10-year bond yields
Swiss 10-year government bond yield positive if inflation forecast remains true
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NewsSwedish roundup: Kåpan, Kyrkans Pensionskassa
Pension fund for the Swedish Church sees returns hit nearly 20%, after returns of 4.4% in 2013
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News
Credit risk premium ‘underestimated’ due to duration fault, says AQR [updated]
Eerroneous matching of duration between risk-free sovereign bonds and corporate bonds led to underestimation of pure credit risk-premia
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News
Mandate roundup: Dorset County, Wiltshire Pension Fund, Loomis Sayles
Dorset pension fund targets two managers for £480m in global active, smart-beta equity strategies
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Asset Class ReportsOil price impact on high-yield
The oil price fallout in high-yield has so far been contained within sub-sectors of US energy and migh have opened up energy sector value opportunities
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Special Report
Hybrid securities revolution is here to stay
In just three years corporate and financial hybrid securities have become a major new feature of the fixed-income landscape
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Special Report
Non-financial hybrid securities: Fixed-income exotica
Hybrids have taken off because they marry the current needs of both issuers and fixed-income investors. David Turner looks at how this sweet deal could go sour
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Asset Class Reports
High Yield: US issuers, euro spreads
A substantial spread differential is attracting US investment-grade issuers across the ocean to issue bonds in euros
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Special ReportHybrid Securities: Financial duck-rabbits
Recently someone from the Outer Hebrides posted online a photo of a dress, the colour of which had apparently caused endless debate among family and friends
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Special Report
Convertibles and Solvency II: Preaching to the unconverted
Joseph Mariathasan asks whether convertible bonds might offer Solvency II-regulated investors some equity upside with a limited capital charge
