News

Private credit and unlisted infrastructure are on the offshore shopping list, but some funds feel illiquid assets aren’t worth the stress (testing). And YFYS isn’t just driving asset allocation decisions – it might start influencing product development too.

The asset consultant will modify its team composition in response to shifting client demand and build out its younger ranks as it executes on its new five-year plan.

The use of climate-related investment practices is seeing a sharp fall among the global institutional investor set, while more than half of them are worried about achieving the best returns while delivering emissions reductions targets.

BNP Paribas’ securities services division has had a big win after being brought in to keep the preferred candidate honest on price during the tender process for MLC.

Teams from Pzena and Invesco scored highly against the Northern Trust-backed Essentia Analytics’ Behavioural Alpha Benchmark, a system designed to differentiate between luck and true investment nous.

Following a significant technology and systems uplift, Rest feels it’s ready to do global equities in-house. That doesn’t necessarily mean its roster of external managers will lose out.

Environmental, social and governance (ESG) funds should forget fiduciary duty, dump ratings and adopt extreme exclusions in a radical revamp of the investment overlay proposed in a US academic paper.

From little things big things grow, and the $75 billion industry fund hopes the impact investment commitments it and other funds have made will expand beyond their initial targets in the same way renewables did.

The $75 billion industry fund is creating an “active, fundamental stock-picking” internal global equity capability and has lined up a former Comgest portfolio manager to oversee it.

Australian Retirement Trust (ART) is getting bigger and more complex. To make sure that doesn’t turn into a big, complex problem, the fund has found itself a new head of investment resilience and is thinking hard about what’s really driving returns in a post-Covid world.

The growing scale of the carbon credit market – and the fact that the next stage of emissions abatement isn’t going to be as simple as the last – means that more institutional attention is warranted, according to Apostle. Just watch out for the volatility.

Minimum drawdowns aren’t meant to be a default, but plenty of members use them that way. Frontier Advisors wants funds to pay them a “retirement wage” instead.