LPP takes first steps building a culture
The UK’s new Local Pensions Partnership is establishing its identity by learning from established funds, welcoming new ideas and seeking opportunities based on like-minded partners not size.
The UK’s new Local Pensions Partnership is establishing its identity by learning from established funds, welcoming new ideas and seeking opportunities based on like-minded partners not size.
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.
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.
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.
When the $37 billion pension fund embarked on a joint venture with the Alaska Permanent Fund and Kuwait's Public Institution for Social Security, it learned the value of complementary partnership
The $10 billion Textron pension fund lowers fees and increases its influence by backing new product designs with capital. CIO Charles Van Vleet embraces active and some blasts from the past.
Governance