Following the purchase of European equities manager Sourcecap International, Hermes Pensions Management, the fund manager for the £32 billion ($51.8 billion) BT Pension Scheme, is preparing to market its diverse array of boutique managers to institutions worldwide.
With the ability to make investments of up to £50 million ($80.4 million) without board oversight, the London Pensions Fund Authority (LPFA) has boosted its exposure to emerging markets while also buying global infrastructure, commodities and solar energy. Chief executive Mike Taylor told Simon Mumme about some further opportunities, such as Brazilian agriculture, the fund is targeting.
The C$123 billion ($118 billion) Canada Pension Plan Investment Board has undergone an executive restructure including the creation of two new positions reporting to the chief executive: executive vice president, investments; and chief investment strategist.
This research examines the effect of tail risk, or extreme risk, on pension funds, concluding that all extreme scenarios have an immediate negative impact that can significantly jeopardise the smooth functioning of a pension scheme, probably as much as the other non-extreme risks.
Convener of the P8 Summits- a group of 12 of the world’s largest pension funds tasked with influencing policy makers on climate change – and deputy director of the University of Cambridge Programme for Sustainability Leadership, Aled Jones, examines the Copenhagen Accord and what it means for investors.
In this timely analysis, Wurts & Associates examines the active management environment, warning investors of the pitfalls of studying and choosing active managers including a reminder that reaching for high levels of benchmark relative excess returns can be potentially rewarded, but only in a marginal way relative to lower tracking error managers. It also concludes that measuring managers relative to capitalisation-weighted benchmarks isn’t fair.