Gideon Smith: Fundamentals and the golden age for quants

I chat with Gideon, CIO & global head of portfolio
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TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

Transport for London Pension Fund styled a bespoke benchmark to gold in its Pure Alpha mandate with Bridgewater. It has added hundreds of millions of pounds to the portfolio, says chief investment officer Padmesh Shukla. In a wide-ranging conversation, he also explains the rationale for reducing equity to just 18 per cent of the total fund and why emerging markets aren't offering the diversification or returns they used to.

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How to build innovation

Innovation is more important than ever given the uncertain and ambiguous times that lie ahead for institutional investors like climate change, political dysfunction and poor returns. “Returns can only come from an ecosystem that works and we need innovation to do this,” said Roger Urwin, global head of investment content, Willis Towers Watson speaking at the Fiduciary Investors Symposium at Cambridge University.

FIS Cambridge gallery day two

Images from the Fiduciary Investors Symposium, Cambridge 2019, day two

At a glance: FIS Cambridge day two

Delegates at the Fiduciary Investors Symposium heard about the risks and opportunities in an ever-changing environment, and were urged to consider that the next 30 years will be very different to the past 30.

Brexit: The risk & opportunity for funds

Brexit holds profound implications for European pension funds, said Matti Leppälä, secretary-general and chief executive, PensionsEurope speaking at the Fiduciary Investors Symposium in Cambridge.

Climate change risk to spur stress test

Mercer has quantified a ‘low-carbon transition’ premium in the sequel to its seminal climate change report, showing that a 2⁰C scenario equates to 11 basis points per annum to 2030 in a typical growth portfolio.

Brexit pain for UK

There is no certainty to how the United Kingdom’s Brexit drama will play out and the country faces a perfect storm, said Professor Mike Kenny, professor of public policy, University of Cambridge speaking at the Fiduciary Investors Symposium.

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