Pension Funds, Megatrends Damian Fantato Pension Funds, Megatrends Damian Fantato

Tension at the heart of UK government pension reforms

The British government’s local government pension scheme reforms have been largely carried out with the intention of creating bigger pools of capital to grow the UK economy. But there is a tension at the heart of these plans: while the government wants to replicate Canada’s Maple 8, which operate like private equity houses to invest globally, it is also instructing the LGPS to invest locally.

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Megatrends Rory Sachs Megatrends Rory Sachs

What are the new power groupings in global investment?

Institutional investment is becoming increasingly polarised, with pension funds now dominating in North America while sovereign wealth funds are becoming more prominent in Europe and the Middle East. Armed with considerable resources, these investors are diving into private markets globally, including financing the energy transition.

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Megatrends Rory Sachs Megatrends Rory Sachs

Could a total portfolio approach spell opportunity for active asset managers?

Interest in asset allocation frameworks such as the total portfolio approach is gathering pace, with proponents including Calpers and the Canada Pension Plan Investment Board. While this enthusiasm could open the door to a larger role for active management, such strategies require governance structures and investment expertise currently only available to the largest investors

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Equities, Megatrends Calum Kapoor Equities, Megatrends Calum Kapoor

Are defence stocks an ESG asset now?

A combination of Donald Trump’s pestering and nervousness about America’s reliability as an ally - including concern Greenland might follow the fate of Venezuela - has prompted European nations to increase the amount they spend on defence. Does that mean asset owners view defence as an attractive investment opportunity? And could it even be defined as an ESG asset?

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