- Actions speak louder than words: Society of Pension Consultants president Roger Mattingly
- Anton van Nunen: Difficult times call for extraordinary advice
- Aquila launches first fixed income risk parity fund
- BlackRock reorganises DC business and names Purvis as ‘CEO’
- Building steadily: what next for infrastructure?
- FCA finds no need for new transition management rules
- Government earmarks £50bn of infrastructure projects for private investors
- Green bonds
- LGPS infrastructure investment limits set to double
- Mannion quits GSK to join John Lewis
- Mike Weston appointed to head up Pensions Infrastructure Platform
- NAPF and PMI to discuss merger
- NAPF Conference: PIP to appoint chief executive
- Neil Woodford leaves Invesco after 25 years
- NEST in talks to join infrastructure platform – EXCLUSIVE
- No place like home: investing in residential property
- PIP begins search for investment managers
- Plumbing and markets
- Prevailing odds
- QE uncertainty hurting insurers’ income streams and driving them into riskier assets, says BlackRock
- Regulator issues asset-backed contribution guidance
- Schemes continue move out of equities
- Schemes shift from equities to bonds, hedge funds and cash, says regulator
- Schroders launches ILS fund
- Seeking returns: insurance companies and the low yield dilemma
- Shiller shares Nobel Prize for asset price analysis
- Sovereign debt: the gorilla in the room
- Tesco’s Smith announced as new NAPF chairman
- The burning issues: Centrica Combined Common Investment Fund’s Chetan Ghosh
- Threadneedle launches social bond fund
- Unconstrained investing: is freedom from indices the future?
- USS invests £392m in Heathrow Airport
- Watching out for the risk/return trade-off: Zurich Insurance Group’s Tom Rogers
Unilever has insured £129m of its pension fund for employees working abroad through a buy-in with Legal & General.
It has been an environment that would have seemed perfect for macro. Macro phenomena have dominated investment returns throughout the credit crisis and its aftermath, and opportunities for macro investing seemed, at least on the surface, to be plentiful.
In June 2008, Moody’s rated Lehman Brothers’ debt at A1-investment grade, and only a few months later the unthinkable happened, the investment giant went bankrupt. The ramifications of the banking collapse of 2008 would be felt for years if not decades to come.