An equities-biased strategy for the Nottinghamshire Local Government Pension Scheme is against the trend for funds in the UK, but the local government scheme has no plans to de-risk as it tries to make up its funding level. The strategy of the £3.5 billion ($5.7 billion) Nottinghamshire Local Government Pension Scheme, one of the … Read more
There may be ‘green shoots’, but 2014 will see no rush for the exit from abnormally loose monetary policies says Neil Williams, Chief Economist for Hermes’ Global Government & Inflation Bonds, in his Quarterly Economic Outlook. Despite volatility over ‘taper-gate’ and concerns that central banks will start withdrawing stimulus, policy rates and bond yields may … Read more
This research by academics at Duke and Columbia Universities looks at whether it still makes sense to separate equities allocations into developed and emerging market buckets. Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into “developed” and “emerging” market buckets? This paper argues that the … Read more
The Dutch Philips pension fund has traditionally had a low risk profile, managing a separate liability-matching porfolio and a return-seeking portfolio. A new agreement with its members means it will rethink its investment strategy, with inflation-sensitivity one of the priorities. The €15 billion ($20 billion) Philips Dutch pension fund is set to go “back … Read more
The $46 billion Norwegian DNB Livforskiring has a conservative strategy but it should not be confused with a static approach. The fund revises the investment strategy of its defined benefit offering on an annual basis. Norwegian pension investor DNB Livforsikring is set to stick to a conservative investment strategy due to continued regulatory pressures, … Read more
New research has found that if you have a PhD and work for a money manager your flows will be larger and your performance will be better. This research in the US shows that the gross performance of domestic equity investment products managed by individuals with a Ph.D. (Ph.D. products) is superior to the performance … Read more
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