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Asset Allocation

Challenges for Germany’s pension funds

Opportunities exist to improve portfolio efficiency among Germany’s pension funds, but it will create additional governance requirements. The conservatism of the portfolios is seemingly more difficult to move and reflects the higher degree of comfort required by German investors. Head of investments in Germany for Willis Towers Watson argues it is important to note that the short-term comfort this may provide may well come at a long-term cost.
Investor Profile

Autumnal Danish fund shows spring growth

Innovation is associated more with bold new businesses than gently declining ones, but Denmark’s Lønmodtagernes Dyrtidsfond (LD) is embracing change as it enters its final years. The pension fund’s inevitable disappearance has nothing to do with any lack of competitiveness or poor investment returns – the 9.9-per-cent net return it generated in 2012 is testament […]
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 […]
Uncategorised posts

Dutch reform to tread lightly on investment mix

When the Netherlands pension reforms were announced in 2011, many experts argued they were likely to substantially increase the risk appetites at the funds guarding the country’s $1-trillion pension assets. Recent developments to the reform proposals make the overall impact far from clear, however, suggesting there will be no bonanza for Dutch investment managers. The […]