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Investor Profile

Northern LGPS forges own pooling path

The UK’s £45 billion Northern LGPS pool has eschewed creating a separate FCA-regulated entity, seeing it as an unnecessary expense. Moves in infrastructure and private equity have also reflected the asset pool’s laser-like focus on keeping costs down.
Sustainability

Why credit ratings need to reflect ESG

ESG relevance scores and ESG-dedicated sections in ratings commentaries are examples of how ratings agencies are addressing demand for analysis of such risk factors in fixed income, the PRI’s Carmen Nuzzo says. Managing data for good comparisons will be a challenge going forward.
Investor Profile

London’s TfL takes ESG message to masses

The £11 billion TfL Pension Fund has released its first-ever annual sustainability report. The fund for public-sector transport workers hopes the report will help bring more members on board with its well-established ESG strategy and also make clear to its asset managers what it expects of them.
Asset Classes

Dutch trio launches PE co-investment

The Netherlands’ Achmea Investment Management, Blue Sky Group and SPF Beheer have teamed up on a joint investment platform designed to lower fees and expand opportunities in private equity. Jos van Gisbergen, senior portfolio manager for private equity at Achmea, explains how it works.
Investor Profile

CERN risk appetite keeps assets liquid

The CHf4 billion CERN pension fund maintains a dynamic, tactical strategy that takes into account the market environment and the fund’s liabilities. Once risk levels are set, CIO Elena Manola-Bonthond tweaks and adjusts to stay on target, employing strict due diligence in areas such as private equity and hedge funds.
Featured Story

Austrian APK smells equity opportunities

Top-performing APK Pensionskasse is examining different regions and sectors, looking to increase its allocation to equity if markets decline in the second quarter. Chief executive Christian Boehm expects technological developments and geopolitical influences to affect markets, including in Europe’s financial sector.
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