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Investor Profile

Danish pension fund goes beyond home bias

Affluent small European nations such as Denmark easily count among the world’s most outward-looking places, and DKK 95-billion ($16.4-billion) investor Unipension clearly casts its eyes far and wide from its headquarters in suburban Copenhagen. While nearly all investors look for some exposure in the world’s key markets, Unipension has enhanced its international focus by actively […]
Analysis

Getting the commodities mix just right

While commodities are a controversial and problematic asset class to some investors, for others they are an ideal diversifier looking more attractive than ever. A mini-revival in commodity investing among US pension funds suggests the asset class may be enjoying a resurgence. The Los Angeles Fire and Police Pension System, Municipal Retirement System of Michigan […]
IN CONVERSATION

Italian fund rides out crisis in style

The wrath of the European sovereign debt crisis may have left its mark on Italy in more ways than one, with both its financial and political scenes regularly sliding into crisis mode for the past year or two. However, the nation’s largest private pension investor, the €7.75-billion ($10.1-billion) Cometa fund, has firmly kept on track […]
Investor Profile

Exploring the depths of sustainable investing

Many institutional funds boast responsible investing credentials, but Switzerland’s Nest Sammelstiftung has taken the extra step of molding its investment strategy around a sustainable template. The sustainable agenda is more than just a focus for Nest. It forms the very ethos of a fund that markets itself to potential members as “the ecological and ethical […]
Investor Profile

Caution, luck and overlays propel Swedish fund

A solvency ratio of 157 per cent is a clear mark of success for a pension fund at a time when so many are battling deficits. Remarkably, Sweden’s SEK90-billion ($14 billion) KPA Pension has gained this funding cushion without fully embracing the range of new asset classes or strategies often touted as the solution to […]
Investor Profile

Dutch pension fund defines dynamism

Geraldine Leegwater, ABN AMRO Pensioenfond’s director, talks about her fund’s investment strategy process with a matter-of-factness that possibly belies how far it has moved established ground. While Leegwater sees logic at every vantage point behind the changes that she helped to introduce at the Dutch banking giant’s €18-billion ($24-billion) fund in 2007, she skips from […]
Analysis

New investment pattern in bricks and mortar

Real estate is back in fashion, at least according to a range of recent surveys indicating the growing institutional investor appetite for bricks and mortar. After a tough few years for the industry and with European investors’ priorities changing, the possible renaissance might come with a marked change in investing patterns, though.  More control The […]
Investor Profile

Bavarian fund bales on Berlin bonds

Bavaria is known as the most independent-minded of Germany’s regions, and the pension fund of Bavarian chemical multinational, Wacker, has shown definite divergence from the norm by shedding its holdings of German government bonds. It is not just German paper – which has seen yields on 10-year bonds below 2 per cent for more than […]
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