Equity risk premium appears intact

Investors should expect to continue to earn an equ
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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

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Dutch PGB wins with focus on risk

The $30.3 billion Pensioenfonds PGB has a strategy focused on regular adjustments to risk in equity, interest rates and credit. The scheme has led to an impressive funded status of 108 per cent.

CalPERS wants PE revamp to move quickly

The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.

Centrica builds in capital preservation

The $11.2 billion UK-based pension fund has made bold moves into frontier markets and active strategies but is more interested these days in defensive strategies, as it prepares for a downturn.

AustralianSuper on shaping ownership

Jim Craig is chair of the investment committee for the $76 billion AustralianSuper. He talks to Amanda White about aligning principles and strategy for Australia’s largest superannuation fund.

Sweden’s AP2 takes bigger bites of China

The European pension fund has been increasing allocations to China A-shares and to Chinese bonds. The fund is managed primarily in-house and has crafted bespoke indices for ESG integration.

A spotlight on hedge funds

A roundup of recent institutional investors' hedge fund activity.

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