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...The UK financial regulator has contacted clients of Capita, the outsourcer which suffered a cyber attack in March, urging companies including insurers and pension funds to determine customer data losses...
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
..., and maybe members too The government could extend a guarantee, but that would probably anger a) commercial insurers; b) commercial superfunds; c) folks who reckon that there is a better use of government...
...The same is not true at the lower reaches of the credit spectrum, of course, and it is interesting in this context that triple C rated bonds spreads have not rallied to the wild 2021 levels....
...These delays have meant that Kyiv has started looking at a “Plan B” and even a “Plan C”, Pidlasa said....
...Greetings from New York, where I am preparing to celebrate the July 4 Independence Day holiday....
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...The Pensions Regulator wrote to more than 300 pension funds, which include a mix of private-sector defined benefit and defined contribution schemes, according to a person familiar with the matter....
...But the C$247.2bn Ontario Teachers’ Pension Plan, a defined-benefit scheme for 336,000 schoolteachers in the country’s most populous province, gained 4 per cent and maintained fully funded status for a 10th...
...Train, who is one of the UK’s best-known fund managers and runs the £4.4bn Lindsell Train UK Equity fund, said the UK market could be a “moribund value trap”....
...Under pressure The new interest-rate environment will be a particular test for some of the buyout firms that have grown rapidly over the past decade on the back of strong fund returns....
...That model has had some success: for example GLIL Infrastructure, a grouping of various local government pension funds, last month bought a 25 per cent stake in the M6 toll from Australia’s IFM....
...This translates to a c. 4% reduction once the target hedge is accounted for....
...The gap between the yield on double-B and triple-C bonds narrowed to its tightest level in 15 months at 6.53 percentage points in recent days, before widening slightly to 6.74 percentage points at Friday...
...Flush with funds, start-ups spent lavishly on marketing. Byju’s paid to put its name on the jerseys of the Indian cricket team and was one of the sponsors of the Fifa World Cup....
...B, wages are better working at a shop or a call centre. And, C, it takes ages to do....
...Canada is the world’s fourth-biggest oil producer, pumping 4.8mn b/d of oil last year, of which oil sands accounted for 3.2mn b/d....
...Pension funds pushed into riskier credit as a result of the hunt for yield but now that some sovereign bonds are yielding 4 or 5 per cent they do not need to go that far down the risk spectrum....
...The firm’s flagship hedge fund lost 5.4 per cent in October, taking losses this year to a new low of 54.7 per cent....
...But for new investors it can mean a false sense of security when it comes to understanding the market’s trade in company shares. At its core, retailing is simple: buy from A and sell to B....
...The Spending Review allocated £500m every year to the Potholes Fund but today I have decided to increase that fund by a further £200m next year to help local communities tackle this problem....
...But improvements to the planning framework by taking a proper spatial view of the UK and a robust approach to local objections might be my favourites....
...Derek Brower here, writing from New Jersey, which, after Governor Phil Murphy’s announcement yesterday, boasts one of the US’s most ambitious statewide clean energy targets: 100 per cent by 2035....
...So says the Bank of England, which raised interest rates by a quarter of a percentage point to 4.5 per cent this week, its 12th consecutive rate rise since December 2021....
...The US tech companies’ grades, however, declined significantly once supply chain emissions were considered: Apple scored highest with a B, while Google and Microsoft were rated C-....
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