Editor of the Financial Analysts Journal and chair of Ennis Knupp & Associates, Richard Ennis, believes contemporary asset allocation schemes are becoming unwieldy for many decision makers because of the proliferation and splintering of investment categories, and advocates an approach that relies more on empirical evidence than on assumptions or intuition.
As concerns in private credit mount, Colorado PERA CIO and COO Amy McGarrity says the pension fund isn’t seeing any strains in its growing allocation to the asset class, arguing that long-term investors are shielded from the risks because they can lock up their capital to weather market cycles.
Florida State Board of Administration CIO Ash Williams may modernise real-estate holdings or add Asia exposure, but he sticks to the long-term strategy – especially when tough times loom.
Fresh off a windfall from green-energy assets in Asia, Denmark’s $26.9 billion Industriens Pension is looking to employ the model in Africa and Latin America, where it has a track record.
The top-five Danish pension fund, PKA, has made a bigger push into alternatives than its peers, and a good chunk of that allocation comes from direct investment in offshore and onshore wind farms.
Denmark's $126.9 billion ATP has excelled using allocations to risk factors such as interest rates and inflation, along with frequent tinkering - all based on a robust decision-making process.
The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.
Mercer’s Pacific CIO, Kylie Willment, has made tweaks to better align the portfolio with the potential effects of quantitative tightening, markets late in their cycles, and geopolitical risks.
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