Ilmarinen CIO Mikko Mursula looks to shrink its holdings in bonds while adding real estate and equity away from Europe, as the fund seeks protection from potential interest rate moves.
In 2017, Denmark LD chief financial officer Lars Wallberg plots a push into unlisted credit, complementing a key exposure to environmental services, to manage his fund’s maturing profile.
Potential deregulation will tempt investors away from ESG strategies in 2017. But MSCI advises that physical risks and Asian transitions show the wisdom of staying focused on the long term.
UK multi-employer fund pushes for better returns in fixed income with an active global high-yield bond fund, while stressing ESG principles and long-term relationships with asset managers.
Two of the Netherlands’ largest fund managers, PGGM and APG, are developing investment strategies designed to help boost the United Nations’ sustainable development goals.
Calling sterling correctly ahead of Brexit and sitting patiently in large caps are key components of Wellcome Trust’s success, which means more money for fighting drug-resistant infections.
Malaysia’s KWAP fund for public officials will further diversify its asset allocation in the year ahead, increasing investment in alternatives; it will also continue to pursue sharia compliance.
Canada’s OPTrust has impressive stats. In 2015, it returned 8 per cent and remained fully funded. Its plans for the year ahead include infrastructure, hedge funds and managing even more in-house.
A struggling pension fund for Kentucky employees has cut back on hedge funds while remaining averse to long-term risk and hopeful of a better climate for US equities to help it recover.
Finland’s €18.5 billion State Pension Fund (VER) will slightly increase its allocation to hedge funds, in order to counter the impact of low interest rates on its fixed-income holdings.
From quantum computing increasing the risk of damaging cyber attacks to towering global debt levels, pension funds are being urged to adopt clear risk strategies to manage emerging risks.
HSBC Bank (UK) Pension Scheme is an innovative hybrid fund that incorporates a climate tilt for its global equities default in DC, while in the DB portion it remains focused on de-risking.