With public assets looking fully priced, the New Mexico Retirement Board is diversifying into alternatives such as litigation finance and royalties from intellectual property and music.
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Not your usual alternatives
ANALYSIS
Dutch pension funds embrace UN goals
PGGM and APG are well advanced in developing a process to identify potential sustainable development investment opportunities that could transform the UN’s targets into tangible returns.
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Why simplicity works for Idaho
After 25 years as CIO of Idaho PERS, Robert Maynard, has seen it all. He’s convinced a simple, transparent and focused investment strategy prevails in all terrain.
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OTPP’s private equity revolution
A deep dive into the world-class private capital division of OTPP, led by Jane Rowe, reveals a strategy of buying large direct stakes in companies, and a commitment to innovation.
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PMT builds equity benchmark
PMT, the $81 billion Dutch pension fund for metal and technical workers, will introduce its own bespoke developed market equity benchmark to help align investments with its ESG principles.
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Swiss MPK adds satellite assets
Migros-Pensionskasse CIO Adrian Ryser says the fund has added to its alpha-generating satellite assets with senior loans and other sub investment-grade credit, high yield and infrastructure.
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Fund braces for geopolitical risk
SEB has restructured its risk factor portfolio and raised the allocation to senior secure loans within its large alternatives portfolio. The changes address rising global uncertainty.
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Calif. fund seeks ‘safe’ returns
San Bernardino County Employees’ Retirement Association seeks value assets with income and a contract. These qualities help ensure a return, while increasing holdings in cash and alternatives.
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Sampension seeks more control
As the Danish labour market pension fund puts more into alternatives and illiquid assets, it is also in talks with managers to increase its control over investment decisions and lower its costs.
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Texas Teachers bears down on fees
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
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Hedge funds still in style at Varma
Reima Rytsölä, chief investment officer at Finland’s largest private pension insurance company, sticks with the fund’s longstanding interest in hedge funds and extends its risk premia strategies.
ANALYSIS
PGGM touts circular economy
Dutch manager echoes new TIIP/Toniic report that states an economic model of renewable resources and continuous reuse of materials is emerging and investors need to get on board.
