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Time for Charities to Upgrade Investment Approach, Clarify ESG
Thanks to recent guidance from the Charity Commission for England and Wales, UK charities became the latest cohort of...
‘Ex-China’ Emerging Markets: A New Great Wall in Equities?
New manager research from bfinance reveals the proliferation of ‘Emerging Markets ex-China’ equity strategies. This is now...
Currency Overlays: Active Management is Back
Active currency overlays and ‘currency for alpha’ managers struggled for much of the ‘ZIRP’ era. Now, divergence between major...
Investor Spotlight: TfL Pension Reaps Rewards from Liquid Alternatives
With around 15% of the portfolio in ‘liquid alternatives’ such as hedge funds and a full 45% in ‘alternative investments,’ the...
Investor Spotlight: Social Impact in Focus for Italian Bank Foundations
Italy's ecosystem of banking-originated Foundations is unique in the financial world. Created as part of a major banking system...
Outsourced CIO (OCIO) - Sector in Brief
The ‘Outsourced Chief Investment Officer’ (or ‘OCIO’) investment model is on the rise. Market volatility, increased portfolio...
Private Equity Secondaries - Sector in Brief
Secondaries are under the spotlight due to a combination of surging fundraising activity, low pricing and investors’ current...
Transaction Cost Analysis: Has Transparency Really Improved?
Transaction cost analysis (TCA) awareness is on the rise, with equity and bond investors increasingly recognising trading as a...
ESG Assessment Challenges in Investment Manager Due Diligence
When selecting and monitoring external investment managers, it is increasingly important to develop a clear understanding of...
Feeling the Heat? Taking the Temperature of Equity Portfolios
Many investors and asset managers are now focused on achieving low carbon intensity.
Manager Intelligence and Market Trends - August 2023
bfinance’s quarterly report in August 2023: read the team’s latest insights on institutional investor activity, risk appetite,...
Investor Spotlight: Sweden’s AP7 Pushes Forward on Biodiversity
Martha Brindle, Director, Public Markets at bfinance sat down with Flora Gaber, Head of ESG Analysis at AP7, part of the Swedish...
Accessing the Climate Transition through Liquid Alternatives
Increasingly troubling news—from wildfire damage to sea temperature anomalies—continues to remind us about the urgency of action...
Shariah-compliant Private Market Investing
The number of Shariah-compliant private market solutions has boomed in recent years, supporting investors that seek to improve...
How Canada Post is Reducing Risk through Innovation
At the end of 2022, the Canada Post pension plan joined the growing list of pension funds across the country whose highly funded...
Asset Owner Survey: Investors’ Costs and Fees
Investors are grappling with cost management challenges amid persistent inflation, heightened ESG requirements and regulatory...
The biodiversity challenge: How can investors make a difference?
On 20th June 2023, investors gathered in London for a roundtable on the theme of biodiversity. Recent years have seen...
Iceland’s SL Pension Pursues Internationalisation and Illiquidity
Less than a decade after the removal of capital controls that banned pension funds from investing assets overseas, Iceland is...
How Do “Liquid” Private Market Strategies Square the Circle? Part 1: Private Credit
The past two years have seen huge growth in the availability of private market strategies that offer some degree of in-built...
Rise of the Allocators: Multi-manager Strategies for Alternative Investing
Powerful forces have supported the growth and evolution of multi-manager models for ‘alternative’ investing over the past...
Recessions, Rising Rates and Received Wisdom in Fixed Income Investing
In a time of macroeconomic upheaval, bfinance’s fixed income team examines three popular beliefs in fixed income investing. In...
Manager Intelligence and Market Trends - May 2023
bfinance’s quarterly report in May 2023: read the team’s latest insights on institutional investor activity, risk appetite,...
How Alternative Investing is Evolving at Denmark's Velliv
Next month will mark five years since Velliv (formerly Nordea Liv and Pension, Denmark) left its parent company—the banking...
Small Cap Equities: Time for Targeted Exposure?
Following a fundamental shift in macroeconomic conditions, we weigh up the attractions of small cap equities in an era of lower...
Multi-Strategy Hedge Funds - Sector in Brief
Multi-strategy hedge funds are currently under the spotlight following recent strong performance. However, with more than 1000...
'Impact' in Private Equity: What Is Best Practice?
The ‘impact’ private equity sector is rapidly growing and maturing. Yet it is far from straightforward to assess the credibility...
Are Equity Long/Short Managers Meeting Investors’ ESG and Climate Needs?
Equity long/short strategies are ahead of the curve on ESG and carbon emissions versus their hedge fund counterparts in other...
Manager Intelligence and Market Trends - February 2023
bfinance’s quarterly report in February 2023: read the team’s latest insights on institutional investor activity, risk appetite,...
Commodities - Sector in Brief
Fewer than a quarter of institutional asset owners invest directly in commodities, according to the latest bfinance Global Asset...
What Excess Return Should We Expect from an Active Equity Portfolio?
With investor sentiment now appearing to shift in favour of active equity management, as indicated in bfinance’s recent Asset...
Should Investors Press Pause on Private Credit Commitments?
Investors are considering whether to slow down their deployment to illiquid strategies or maintain their previous pace after a...
Equities and Inflation: Old Problems, New Lessons
During 2021-22, the results produced by active equity managers have been heavily influenced by the extent to which their...
Clarifying the Case for ‘Convex’ or ‘Divergent’ Hedge Fund Strategies
‘Divergent’ or ‘convex’ hedge fund strategy indices posted average returns of nearly 10% through the first three quarters of...
FTX Debacle Highlights Key Points for Investor Due Diligence
BlackRock, Ontario Teachers’ Pension Plan and Sequoia Capital are among the named investors of FTX — the Bahamas-based...
