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Investor Profile

Full throttle, part time at BP fund

Sally Bridgeland, chief executive of BP Pension Trustees, the £18.5-billion ($28.7 billion) pension fund for employees of one the world’s biggest oil companies, only works part-time. She made the decision after a near-fatal skiing accident when she says her life passed before her. She is BP’s first group leader to do so and is evangelical […]
Uncategorised posts

Blinder: a power of paradox at Princeton

Pension funds or any investor holding a slug of long-term fixed income needs to factor in some capital losses soon, says Princeton academic and former vice president of the Federal Reserve, Alan Blinder. “The timing is difficult to predict, but three or 15 months, it doesn’t matter. It is predictable,” he says. “The unpredictable part […]
Asset Classes

Pension funds and social housing: a perfect match?

Pension funds and social housing: it looks like a perfect match as schemes in the United Kingdom seek long-term, index-linked cash flows and housing associations, the not-for-profit providers of this type of affordable housing for low income households, hunt the long-term finance they can’t access via banks. Broad residential housing represents just 1 per cent […]
Sustainability

Wake up to wasted capital, stranded assets

Sobering new figures in the latest report to highlight climate risk should resonate with trustees more than usual. According to the second study from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics Unburnable carbon 2013: Wasted capital and stranded assets, between 60 and […]
Uncategorised posts

Is the Great Rotation passing pension funds by?

The prospect of a seismic shift from bond to equity investments looks set to pass most of the world’s pension funds by, argue experts. The concept of a ‘Great Rotation’ rose to prominence following its use by Bank of America Merrill Lynch in October. It argued in a note that “the era of bond outperformance […]
Opinion

Gloom at NAPF attests to investor adventure

One year on and the job of trustees gathered at the United Kingdom’s National Association of Pension Funds, NAPF, annual investment conference in Edinburgh hasn’t got any easier. As the search for optimism in a low-return world endures, the conference seems to be caught in a time loop. Compared to last year, deciding on the […]
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