David Barry’s Post

Should #institutional allocators start looking at public and private credit, not by their names but by their region of influence? San Bernardino County Employees Retirement Association has a different approach to these assets and how assets compete for allocation in their portfolio. More from Pensions & Investments on #SBCERA's approach and short-term economic outlook. How can #pension fund CIOs keep track of that competition within their portfolios? Excel can be prone to manual entry errors, homegrown systems need constant bandwidth for maintenance, and multiple platforms can be costly. Step up to Vidrio(dot)com, where we help pensions unify their portfolio operations across front, middle, and back office functions. Learn more today. San Bernardino County CIO tilts portfolio to 'income-focused philosophy' https://hubs.li/Q02M1H3k0

Pepper MarketScope US pension funds turn to private credit for higher returns. We track the growing trend of US pension funds increasing their allocations to private credit in 2025. And why? 1) Major pension funds are committing significant funds to private credit strategies. 2) Distressed debt, asset-backed lending, and direct lending are popular investment areas. 3) The search for higher returns and diversification is driving this shift. Curious to learn more? Read more https://lnkd.in/gkYsxSFh #privateequity #venturecapital #alternativeinvestments #financialmarkets #investment #growth #financialadvisors #wealthmanagement #financialtechnology #privatedebt #pensionfunds #investmenttrends

Old Mutual says it has seen 170 000 applications worth R2.2 billion in two-pot savings withdrawals, more than twice the early fund withdrawals it usually sees in a year. A survey conducted by Old Mutual prior to the implementation of the system showed 60% of its members planned to access their retirement savings to pay off debt. Alex forbes said it had received more than 250 000 withdrawal claims worth over R4.5 billion in the last four weeks, of which about 70% had been successfully processed. Discovery's corporate and employee benefits, pension and provident fund business said this past week that 24% of claimants planned to use the money to pay home or car expenses, with 21% citing the need to settle short-term debt. Surprisingly, about 20% of Discovery claimants planned to use the money for educational purposes, with 11% citing the need to cover day-to-day expenses.

https://lnkd.in/gZN8cNzx Is your current group retirement plan advisor keeping you current with your responsibilities on the Capital Accumulation Plan Guidelines? #groupretirementplans #capguidelines #fiduciaryresponsibilities #CAPSA #compliance #pensionplans #RRSPDPSP #memberadvice Manulife

Steven Meier, CFA, FRM, chief investment officer of the New York City public pension funds, and oversees assets worth $272bn, believes private equity’s fees are “too high”. Read the story here to learn more: https://okt.to/E7pkLU #NPM #PrivateMarkets #Inequality #Investors #PrivateEquity #NorthAmerica

What happens to asset allocation at pension funds when interest rates are expected to get lower, the funded status is not at 100% and real interest rates are above 3.5%? You turn to increasing allocation to riskier assets to continue to generate that income to meet your obligations and maintain that funded status. Couple that with change in actuarial assumptions and now you are really stretching for that extra yield. No doubt a lower interest rate will help the discount rate but what that will also do is to increase your hedging cost to match your higher liabilities and lower asset base #clo #collateralizedloanobligation #cloequity #leveragedloan #middlemarket #bdc #securitization #privatecredit #assetallocation

Building a secure financial future for you and your loved ones takes thoughtful planning, asking the right questions, and adjusting along the way.   Head of Intermediary Distribution, Killian Nolan, and Pensions Advisor, Marta Pelc QFA, EFA, CFP®, were delighted to share their valuable expertise and insights in the latest The Irish Times Special Report on the Key to Wealth Management by Emmet Ryan.   Learn key takeaways, such as how to set clear financial goals and how to prepare for the future ‘unknown unknowns’ here: https://lnkd.in/ejdEcpxM   #irishtimes #specialreport #wealthmanagement #financialplanning #financialwellness #financialgoals #pensions #wealth

What if you could buy property with your super? This is already possible through something called a Self Managed Super Fund! (SMSF) 🙌 With an SMSF, you can take control of your retirement savings and invest in property, boosting your financial future 🚀✨ Click the link for a guide to turn your super into a powerful investment tool. Don’t have time to do this yourself? Contact us today! #smsf #superannuation #investmentstrategy #propertyinvestment #financetips #smartinvesting

My colleague Paul Whelan is right when he says corporate bonds are having a bit of a moment! Investment grade credit has a huge role to play in UK pension scheme investment strategies – whether they’re running on or looking to buyout. To quote Paul, the current environment has created a “sweet spot” with a strong pipeline of clients looking to invest in credit – be that for liquid income generation or to better hedge insurer price movements. For schemes choosing to run on, credit assets provide valuable stability and form a key part of a low risk, cashflow-driven investment strategy and provide access to interest rate protection without taking on leverage. As part of the buyout preparation process, allocating to the right amount and type of credit is key, alongside dealing with illiquid assets, de-risking from growth assets and maximising your interest rate and inflation hedging. Get this right and insurers will prioritise you in a busy market, providing more certainty for the pricing and timing of your transaction. We’ve seen this on our biggest transactions, having led the advice for the three largest full scheme buy-ins to date: RSA, Boots and Telent. The principles also ring true for smaller scheme deals. Paul and I are looking forward to lots of conversation on this topic next week at the PLSA Investment Conference. If you’re heading up to Edinburgh, it would be great to see you there!   #PLSAinvest24  #investment #corporatebonds

Fund leaders admit contest for the ‘best reasons': As the discourse pivots to how members live post-retirement, super fund leaders agree they are in contest for the “best possible reasons”. https://bit.ly/3vBzk1g