Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
Quick links:
  • Home
  • The Actuary Issues
  • August 2012
08

PPF launches 'major transition' in active bond strategies

Open-access content 16th August 2012

The Pension Protection Fund has significantly enlarged its panel of active bond managers as part of its plans to manage a wider fixed income investment portfolio.

Over two-thirds (70%) of the lifeboat fund's £12bn portfolio of assets are allocated to cash and bonds and the fund hopes appointing a larger panel of managers will give it the flexibility to access a broader range of bond strategies.

Martin Clarke, the PPF's executive director of financial risk, said: 'This announcement marks the next phase in the development of our strategy for managing our extensive fixed income investments.

The PPF has a 70% strategic allocation to cash and bonds and, as we grow, we are looking to develop an investment strategy that will enable us to source a broader range of fixed income investment opportunities, while staying true to our low-risk appetite.

Mr Clarke noted that the fund had already given greater asset allocation to cash to shorten the overall duration of the bond portfolio and would soon embark on a major transition to make use of the specialist strategies now represented on its enlarged panel.

In total, five firms were re-appointed to the panel, including: Mondrian Investment Partners Ltd; Goldman Sachs Asset Management International; PIMCO Europe Ltd; Rogge Global Partners PLC; and Wellington Management International Ltd.

A further 10 are new appointees: Alliance Bernstein Ltd; BlueBay Asset Management LLP; BlueCrest Capital Management (UK) LLP; Colchester Global Investors Ltd; Insight Investment Management (Global) Ltd; Investec Asset Management Ltd; Loomis Sayles, a subsidiary of NGAM UK Ltd; M&G Investment Management Ltd; Morgan Stanley Investment Management Ltd; and Stone Harbor Investment Partners LP.

Managers will be selected from the panel to invest with mandates in a range of fixed income sectors. The enlarged panel includes managers with expertise in absolute return strategies, asset-backed securities and emerging market debt as well as global sovereigns and corporate credit.

The appointments have been made for an initial four years with the potential for contracts to be extended for two further periods of up to two years.

This article appeared in our August 2012 issue of The Actuary.
Click here to view this issue
Filed in:
08
Topics:
Investment
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Reinsurance Pricing Lead

England, London
£40000 - £75000 per annum
Reference
118905

Senior Pricing Actuary

London, England
£60000 - £110000 per annum
Reference
118904

Pricing Actuary (Casualty)

England, London
£60000 - £80000 per annum
Reference
118903
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2020 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200