Below is a summary of each reflection:
(We will add a new edition each week)
Seven years ago, we looked at the pros and cons of seven asset classes that could offer pension schemes growth, risk control and cashflow matching. Why did we offer them to clients? What has happened in the intervening years?
Traditional investors were becoming far less active in certain areas. Pension schemes had an opportunity to step in. The challenges were complex, but the potential rewards were great.
What did we do about it?
This edition focused on the illiquid and contractual space.
How do you engineer a successful allocation to these assets? And why?
We reveal all inside. There’s also a lesson to be learned at the end.
Following on from the previous year, this edition looked at opportunities in infrastructure. As yields have fallen, how do you choose the right capital structure and assets to best meet your scheme’s needs? What do you do if your scheme drifts off track?
Asset Class 2013 discussed a broader range of assets, in both the liquid and illiquid spaces. Written during the ‘Taper Tantrum’ of the summer that year, pension schemes experienced a highly volatile period. What strategies can provide a solid platform in the face of such uncertainty? Do they still hold up four years down the line?
Reflecting on the “Alternative to Alternatives” (2015)
What were some of the key themes of Asset Class 2015 and how have they fared in the two years since? In particular, we look at illiquid assets, risk management, direct lending and equity allocations. What did we say at the time? Were we right? Are there opportunities now? Read on.
DC: Focus on the Future (2016)
The most recent Asset Class marked a landmark moment for Redington; our move into the Defined Contributions space. While this provided an opportunity to develop new tools and work with new providers, our approach of beginning with the end in mind was again the bedrock of our offering.