Pension funds v charities
There are distinct differences between pension fund and charity asset allocation – James Minett shares some recent analysis
At the end of 2009 pension funds held twice as large a proportion of their assets in bonds and half as much in UK equities as the average charity, as measured by WM1. The last three years have tested all investment strategies but have pension funds and charities been taking different actions and experiencing different outcomes?
Author: James Minett
James Minett is a senior investment director in the Rensburg Sheppards charities team. James became a member of the London Stock Exchange in 1984, and has managed US equity portfolios in addition to pension funds and charity clients for over 25 years. James is also treasurer of Shaftesbury Young People, a children's charity with a turnover of around £7m.
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