OTPP boosts bonds, late cycle protection

Last year the $191.1 billion Ontario Teachers’ P
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CalPERS touts fixed income wins, gears up for TPA

CalPERS touts fixed income wins, gears up for TPA

At the annual review of its fixed income portfolio, CalPERS staff explain how active management, value-add strategies and the hunt for alpha are paying off, with ESG integration giving it a valuable edge and informing it to invest in companies under pressure like Boeing at the right time.

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Investors feel banks’ lending pinch

Post-GFC regulation has driven up the cost of bank funding. Professor Darrell Duffie explained the impact of the end of ‘sovereign uplift’ and offered ideas to create competition and lower costs.

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.

OPTrust ready to jump on bonds

Staying fully funded is priority for the C$20 billion OPTrust, reflected in everything from the name of its annual report to its scaling down of equities, to manoeuvring for high-yield debt.

Strathclyde cuts equity allocation

The UK’s largest public pension fund is de-risking its successful equities portfolio and looking to private debt, emerging-market debt, global credit and UK infrastructure to fill the void.

Crisis plan can’t be bonds alone

In recent years, bonds have been a life raft when equity markets have fallen. But this negative correlation is not a given. To prepare for the next crash, investors need a robust, tailored plan.

From bonds to equities for GPIF

Since 2014, the Government Pension Investment Fund, the world’s largest investor, has shifted a chunk of its holdings, in domestic bonds to equities, and heightened its focus on stewardship.

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