The world’s currency markets are going through their biggest upheaval for almost 40 years since the fixed-rate exchanges started to end for Western countries. Currency expert, Ronald Leisching, of US-based Mountain Pacific Group, has studied the likely scenarios for pension funds and how they can cope in the new environment.
The $260 billion National Pension Scheme of Korea plans to double both its international fixed-income and international equities exposures in the next four years. According to Ha-Young Kim, head of institutional networks and communications at the NPS, it is part of a survival plan for the fund for 49 million Koreans. Amanda White reports.
Mercer Investment Consulting has boosted its pan-Asian capabilities by shifting its regional head from Sydney to Singapore and with a plan to expand its Mercer Sentinel implementation unit.
A funds management fee which starts from a low base but ratchets up or down annually according to performance since mandate inception has been floated by Mercer as an alternative fee model.
The pension deficits of UK pension funds actually retreated last month, despite the worst stock market performance since early last year.
With an enormous portfolio that includes management of 1 per cent of the world’s equities, the NOK2.7 trillion (US$431 billion) Norges Bank Investment Management, recently did a study examining the role of active management. Amanda White spoke to chief strategic relations officer, Dag Dyrdal (pictured).