01
Define
Establish the objectives, constraints, responsibilities and reporting requirements.
ANNEAU–GESTIONS · Institutional solutions
Pension Fund Management
Long-term capital, considered in the context of long-term obligations.
Explore the approachPurpose before portfolio
Keep the obligations in view.
Pension-fund investing needs to consider the purpose of the assets, the horizon over which they are held and the fund’s liquidity requirements. Investment decisions belong within an agreed framework of responsibilities and constraints.
The proposed investment-management remit should be defined alongside the fund’s other advisers and service providers. It does not, by itself, include pension administration, trusteeship or actuarial advice.
From purpose to implementation
A connected investment process.
02
Construct
Consider the portfolio as a whole, with investment choices assessed against the agreed framework.
03
Review
Monitor the portfolio in relation to its objectives, risks and limits; review when circumstances change.
Availability and scope must be confirmed against ANNEAU–GESTIONS’ permissions and the relevant mandate. Investments can fall as well as rise in value; no outcome is guaranteed.
Explore further
Part of a wider framework.
Read the shared investment approach and consider the other proposed institutional solutions.
Our investment approach