Oregon’s core real estate revamp pays off

Recent returns in Oregon Public Employees Retireme
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Germany’s largest pension fund VBL ups diversification; invests more abroad

Germany’s largest pension fund VBL ups diversification; invests more abroad

Germany’s €70 billion pension provider VBL is increasing its diversification, notably investing in overseas real estate outside Germany for the first time. It's also increasing its tilt to international equities over European stocks, enabled by an organisational and investment process overhaul.

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UTC and AEW build recipe for RE success

Industrial group UTC and global real estate manager AEW have structured a joint-venture investing in value-add real estate. In a relationship forged on trust and friendship, the allocation has grown to become the corporate pension fund’s best performing asset class.

Oregon makes fees work

The $77. 3 billion Oregon Public Employee Retirement Fund has continued to achieve top decile returns at the same time as de-risking and reconstituting half its giant portfolio.

Oregon’s real estate revamp

Oregon State Treasury has de-risked its $12 billion real estate allocation, moving away from closed end, private equity-style investment and its associated inherent cyclical risk and total return focus. Building in more liquidity and transparency, reduced volatility and lowered fees via evergreen manager partnerships in separate account and open-end fund structures.

South Dakota pension’s long view

At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.

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.

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.