UK pension funds hesitant on easy returns

"You have to be patient with trustees," said Brendan Reville, head of investment manager monitoring and research at UK railway employees’ fund Railpen Investments. "They will accept the [overlay] programme, but it takes a lot of meetings to get through this."

Reville, speaking at an overlay conference hosted by ABN Amro in London last week, said the process of setting up a currency overlay programme at Railpen took a total of two and a half years from inception. Most of this process was

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: