For those managing personal or institutional money, the world is becoming more Volatile, Uncertain, Complex and Ambiguous.
I am co-CEO of Redington, we advise 10 of the top 25 pension funds in the UK and we are building Redington into a global force in the pensions industry. Our objective is to ensure the next generation can continue to be better off than the last.
Pension funds face an eternally difficult process of setting goals and then making sure they reach them. It doesn’t sound complicated, but it is.
Pensions has always been a tricky business. But perhaps never more so than in 2013. The regulation changes of the early 2000’s rewrote the rulebook for those running pension funds, and a survey of the key challenges of that time would have produced, it seems logical to assume, a set of concerns about changing regulations, accounting issues that accompany them, and governance. Today, the landscape has changed. Pension funds, on the whole, got to grips with those systemic changes in pension infrastructure only to be faced, in 2008 onwards, with the greatest seismic economic shift of our lifetimes. It wasn’t just that markets plummeted and equities didn’t turn out to be the knight in shining armour pension funds had hoped and planned they would be; it was that the very foundations of modern economic markets changed. Everything we thought we knew about risk, return and the relationship between the two, was called into question. Now, in 2013, we are all still acclimatising to our new normal.
You are cordially invited to listen to the N@ked Short Club on Monday, June 10th – Hosted by Dr. Stu 9-10pm/21.00-22.00 hrs., London time, on Resonance FM [104.4FM]: 1 hour of loose talk about hedge funds and the state of the world, plus sweet poetry and heady music.
No promotional agenda, no commercial intent…just Purest Alpha and Ponzi Bier in these interesting times.
Last Saturday 25th May 2013 I was in Oxford for Summer VIII’s – the annual inter collegiate rowing regatta of bumps racing. I was there to support St Anne’s Boat Club “SABC”, my former boat club (1997 to 2000) now supported by Redington. Watching the joy of bumping and the agony of being bumped I reflected on why rowers do what they do, and what lessons they learn doing their sport that prepare them for life after university.
Last Tuesday 21st May 2013 was KPI Pitch Fest the last part of the Daniel Priestly Key Person of Influence Course. The judges were led by the iconic Mike Harris, Daniel Priestly, James Paton-Philip from Pinsent Masons, Sally Preston Founder & Managing Director at The Kids Food Company ltd, Jenny Campbell CEO at YourCash and Steve Henry Co-founder at Decoded. Thank you for an incredible opportunity and a great evening. Well done to pitch fest winner – Liz Marsh and fellow runner-ups Hannah Foxley, Karen Bailey and Viv Grant and A Rafael Dos Santos. Below I have shared my pitch from pitch fest.