Nest, the largest workplace pension in the UK, says that private credit managers who prioritise institutional clients will be more favourably viewed. The £61 billion ($82 billion) fund has awarded a £450 million ($605 million) US direct lending mandate to Crescent Capital this month, citing the manager's institutional-client-first approach as a key attraction.
“We have to move faster than our competitors,” says the chief executive of French retirement fund Union Mutualiste Retraite, Charles Vaquier. It is a phrase that you can hear uttered by business leaders at all sectors and levels, but one that institutional investors rarely emphasise. In chatting about its investment strategy, it soon becomes apparent
In the South African city of Pretoria, 50km outside Johannesburg, the sense of history is pervasive. The city was the capital of the apartheid regime and the site of Nelson Mandela’s presidential inauguration. It’s also home to Africa’s biggest asset manager the R1.17 trillion ($0.12 trillion) Public Investment Corporation, a state-owned body founded in 1911
Crisis in the global economy may be knocking the value of most UK pension funds off course, but it is actually helping swell assets at the £12-billion ($19-billion) Pension Protection Fund (PPF). Established in 2005 along similar lines to America’s giant Pension Benefit Guaranty Corporation, the PPF absorbs the assets of defined-benefit private sector schemes
Sir Henry Wellcome, the early twentieth century pharmaceuticals magnate (pictured below), would be pleased with how well the London-based charitable foundation that bears his name has weathered the global downturn. The Wellcome Trust (WT), which supports medical research in Britain and around the world, reported a total return of 12 per cent for the year
Germany’s MetallRente has made quick progress since its foundation by trade unions in 2001. It has grown into Germany’s biggest multi-employer pension provider, boasting €3 billion ($3.87 billion) in assets, and counts a mammoth 21,000 companies as customers, from within the metal industry it was set up to serve and beyond. In the past two
For many trustees, fundamental indexing is still too much of a leap to risk any serious asset allocation. But the £11 billion Glasgow-based Strathclyde Pension Fund, one of the largest UK local authority schemes, plans to invest in the strategy. The idea is to track an equity index that weights companies according to their economic
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