AP3 demands more from hedge funds
The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.
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UK’s Brunel ready to pool assets
Brunel Pension Partnership is starting its consolidation of 10 local government pension schemes into one mega fund. CIO Mark Mansley cites pragmatism and cost among the guiding objectives.
Research fund embraces innovation
In 2005, the $3 billion WARF embraced a risk parity strategy with a portable alpha overlay. Despite many doubters, the plan has been a success - and the fund still has that experimental ethos.
Church Commissioners prepares early
The Church of England's $11.1 billion endowment emphasises having plans in place before markets become minefields. CIO Tom Joy also goes against trends, and he's most particular about managers.
Ireland ISIF sparks local economy
The Ireland Strategic Investment Fund pours money into private markets in the local economy that are underserved, to spark GDP growth. Despite challenges finding opportunities, it works.
GEPF shows value of governance
A controversial loan and an accounting scandal at an investee company demonstrate the value of ESG practices at the $131 billion South African Government Employees Pension Fund.
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