ANALYSIS

UK watchdog set to back pension mergers

The UK Financial Conduct Authority’s upcoming report is expected to call for consolidation in pension funds, tighter controls on active management fees and greater transparency.
INVESTOR PROFILE

A strict Régime

Tight controls dictate strategy at the French public service pension scheme – including a commitment to socially responsible investing – but diversification options have increased.
INVESTOR PROFILE

Ericsson picking stocks again

In a move that differentiates it from the herd, the fund for employees of Ericsson, has added active long-only managers for a concentrated equities portfolio of 30-50 shares, shunning passive.
INVESTOR PROFILE

Equity on Blue Sky horizon

Dutch fiduciary manager Blue Sky Group must navigate a regulatory environment that demands clarity for trustees as it seeks to add defensive equity in emerging markets and considers private debt.
INVESTOR PROFILE

CAAT sheds public equity

Canada’s fully funded Colleges of Applied Arts and Technology Pension Fund will move 15 per cent of its assets from public equities to real assets and private equity, following a review.
INVESTOR PROFILE

Two-portfolio balancing act

Compenswiss moves assets between two portfolios and has an increasing focus on real estate. It’s all an effort to seek returns while keeping risks down and meeting mandates for liquidity
INVESTOR PROFILE

Hedge funds pruned again

The $12.5 billion School Employees Retirement System of Ohio plans to cut its hedge fund allocation, which struggled last year. However, CIO Farouki Majeed says the asset class is bouncing back.
ANALYSIS

Post-Brexit uncertainty reigns

‘Selective optimism’ in UK real estate, infrastructure and other assets characterises investors across Europe as they scramble to tell the genuine opportunities from fool’s gold following Brexit.
INVESTOR PROFILE

Coal pension burns for cash flow

Coal Pension Trustees Services includes a sizeable allocation to equities and is making a move into illiquid sectors such as shipping assets – ‘floating property’ – to generate cash flow.
INVESTOR PROFILE

Ilmarinen sheds bonds for real value

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 CONVERSATION

Alternative credit on LD’s short horizon

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.
ANALYSIS

Don’t let distractions thwart ESG focus

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.