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Letter to the Editor: TPA’s benefits are real, and accessible

Letter to the Editor: TPA’s benefits are real, and accessible

In a Letter to the Editor, Stefano Cavaglia and Donald Raymond argue the reported performance gains using TPA are not only plausible but that TPA-like strategies, such as applying an optimizing total portfolio overlay, can provide significant benefits without massive governance changes.

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Warnings increase as rising rates puts LDI under strain

The number of warning voices increases as rising interest rates puts pressure on LDI strategies, forcing more pension funds to sell assets to maintain leverage levels.

NEST comes of age

The fast-growing UK DC fund, NEST, is reviewing its objectives and so how it allocates assets. Amanda White spoke to deputy CIO, Elizabeth Fernando about the implications for investments.

‘ESG’ strikes a nerve, why it shouldn’t

Dave Zellner, chief investment officer of Wespath Benefits and Investments, directly addresses the recent anti-ESG narrative, explaining Wespath's approach which means no political affiliation but assessing the risks and opportunities related to ESG factors.

Denmark’s Sampension: Liquid markets signpost illiquid dangers

Investors are piling into alternatives to escape low returns in liquid markets. But Henrik Olejasz Larsen, CIO of Denmark's Sampension, warns liquid markets signpost trouble ahead in alternatives, especially private equity.

What’s in a name?

Wrangles about ESG herald a time to step up on sustainable investing, not an excuse to give up argues Roger Urwin.

PGB talks private equity fees as Dutch funds feel the squeeze

Dutch funds are feeling the squeeze of private equity fees, especially as beneficiaries face a cost of living crisis. Pensioenfonds PGB spends less on fees than others but CEO Harold Clijsen questions the options open to investors.

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