All illiquid assets articles
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NewsGerman institutional investors slowly return to hedge funds, liquid alternatives
This points to a ‘trend reversal, and an important signal for the industry that many have been waiting for years’, says BAI’s Philipp Bunnenberg
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NewsMandating schemes to invest in illiquids could lead to worse outcomes for members
UK pensions minister Emma Reynolds refuses to rule out mandating investing in illiquid assets
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NewsATP’s Northvolt exposure highlights problem of illiquids in geared portfolio
Copenhagen professor argues the challenge of a single-company illiquid investment becoming too dominant is much larger in highly-leveraged portfolio, like ATP’s
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NewsXPS launches illiquid assets solution
XPS Xchange adopts a three-pillar approach, enabling trustees to search for buyers and sellers across brokers, secondary fund managers and other buyers
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NewsBritannia Pension Scheme sells £72m investment in private credit fund
The transaction marks the first deal for Isio Fund Liquidity Options
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NewsKENFO overshoots target return as it continues illiquids expansion
The pension posted a return of 11.1% in 2023, the highest annual return to date, compared with -12.2% in 2022, and against a target return of 4.2%
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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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NewsUK master trusts look to adopt dual default strategy for illiquid assets
Research by Isio found that 10 master trusts plan to allocate illiquid assets throughout their entire lifespan
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NewsIsio launches platform for pension schemes to sell illiquid assets
The desire from pension schemes to sell illiquid assets increased following the budget in September 2022
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NewsXPS launches solution for DC schemes in response to Mansion House reforms
The solution targets a 20% allocation to illiquid assets
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Special ReportRound table: Manager selection priorities for 2024
IPE asked eight manager research business leaders: what will be the three most important topics or trends in manager selection over the next 12 months and beyond?
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NewsDC pension scheme majority prefers to access illiquids via LTAFs, survey says
The main barrier to investing in private markets, highlighted by respondents, are high fees
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NewsATP agrees with critics that illiquids weighting is too high
Danish pensions heavyweight defends guaranteed model, saying it remains what lawmakers want
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Opinion PiecesUnder the spotlight: US pension plans and their use of leverage
Does US public pension funds’ use of borrowed money and derivatives pose systemic risks to global financial markets? That is the concern of global regulators, which have recently stepped up scrutiny of the practice, according to a recent article in the Financial Times (FT). But senior executives interviewed by IPE seem less worried.
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NewsCurrency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
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NewsTelecom Italia’s pension fund rules out illiquid investments
The average age of pension members is too high to invest in those asset classes, the scheme says
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NewsSwiss investors weigh up illiquids as valuation uncertainties mount
PPCmetrics is currently observing ‘great uncertainty’ as to whether the stated valuation of some illiquid assets reflects their true value
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Opinion PiecesWhy DC pensions should choose private equity as first step into illiquids
Governments, regulators, central banks and even trustees are talking about illiquid investments and the productive economy. This is correctly driven by an underlying belief that illiquid assets can improve overall portfolio risk-adjusted returns. But most importantly, if defined contribution (DC) trustees are already keen to get behind productive finance, where do they start if they currently allocate nothing to illiquids?
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NewsRailpen framework to help investors assess their capacity to invest in illiquids
The framework focuses on the illiquidity aspect of private markets, rather than the potential for additional return or diversification
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NewsFinancial return not the only benefit of illiquid investing, report finds
PLSA published a series of case studies to show how pensions schemes invest in illiquid assets
