Liquid alternatives can increase pension schemes’ resilience in choppy markets

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</div> </div>  <div class="row no-gutter" style="margin-bottom:20px;"> <div class="col-md-12"> <div id="adbannerwrapjs"><a href="http://www.pensionsage.com/pa/link.php?url= https://www.pensionsage.com/awards/booking_form.php" target="_blank"><img src="https://www.pensionsage.com/pa/../../pa/images/728x90__MPU_animated-pa-awards-1123.gif" border="0""></a></div> </div> </div>  <article class="post post-full clearfix"> <div class="title-left title-style04 underline04"> <h2 style="font-weight: 500;line-height: normal;font-size: 3rem;"> Liquid alternatives can increase pension schemes’ resilience in choppy markets </h2> </div> <div class="post-meta-elements" style="margin: 10px 0 10px 0; width: 100%; background-color: #f7f7f7; padding: 5px 10px; color: #101010;"> <address class="post-meta-author author"> <i class="fa fa-user"></i>By Callum Conway</address> <time pubdate datetime="21/11/2024" class="post-meta-date"> <i class="fa fa-calendar"></i>21/11/2024</time> </div> <div class="entry-main"> <div class="entry-content"> <p>Liquid alternative assets can help UK pension schemes position their portfolios for greater resilience, while still meeting their return objectives, Aon has said.<br /> <br /> The firm claimed that heightened market volatility and expensive equity and credit valuations have caused financial turbulence for institutional investors.<br /> <br /> As a result, many defined benefit (DB) schemes have found themselves overweight in allocations to illiquid assets, particularly since the 2022 gilts crisis, according to Aon.<br /> <br /> Aon investment partner, Guy Saintfiet, said this is especially problematic for schemes that want to move to an insurance-based solution.<br /> <br /> He stated: “Liquid diversifiers—alternative strategies that invest in a range of asset classes and investment styles in accessible and liquid ways—offer a path to portfolio resilience with genuine diversification. These strategies can help mitigate equity and credit market risks while contributing to consistent and uncorrelated absolute returns.<br /> <br /> “However, investors must be clear on their objectives when deciding whether to allocate capital to liquid alternatives. <br /> <br /> "For example, investors with a more short-term investment horizon, such as schemes looking to buyout in the near future, will value a steady return profile. For them, investing in liquid alternatives can play a vital part in maintaining a diversified and more resilient portfolio.”<br /> <br /> The firm said allocating liquid alternatives can be a challenge for all but the largest institutional investors, as it requires significant expertise and resources. <br /> <br /> According to Saintfiet, this is why the best approach is often to outsource the implementation.<br /> <br /> Aon investment partner, Tim Banks, added: “When implemented correctly, our experience is that a liquid alternatives allocation can be a vital portfolio component for institutional investors looking to target steady absolute returns or when they want to improve the resilience of their portfolios. <br /> <br /> "We’ve seen growing demand from clients for diversification and growth assets that provide downside protection - this solution perfectly aligns with these requirements.”</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div 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talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track</div></div></div> <div class="jswrap4"><div class="jstitle4">Building investments in a DC world</div><div class="jswrap5"><img src="/pa/images/Podcast-main-picture-replacement.jpg"><audio controls><source src="/pa/podcast/PA-USSIM-podcast.mp3" type="audio/ogg"><source src="/pa/podcast/PA-USSIM-podcast.mp3" type="audio/mpeg">Your browser does not support the audio element.</audio></div><div class="jswrap6"><div class="jstext4">In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets</div></div></div> <br> <div class="sidebar-tabs"> <div class="panel"> <div class="panel-body"> <div class="tabbable">  <ul class="nav nav-tabs nav-tabs-solid nav-justified"> <li class="active"><a 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Liquid alternatives can increase pension schemes’ resilience in choppy markets - Pensions Age Magazine