FIS Toronto
Equities
Rebalancing at UTIMCO: Why investors should worry about corporate earnings
In a recent board meeting, University of Texas Investment Management Co's head Rich Hall explained why he is concerned about corporate earnings' impact on equity returns. He also warned that as consumer and company spending slows, a recession can become self-fulfilling until new facts emerge to break the pattern.
Sarah RundellJuly 16, 2025
Asset Allocation
GPIF pins active equity overhaul on ‘scientific’ manager selection
A quest for manager and fund strategy diversification has led the world's largest pension fund, Japan’s Government Pension Investment Fund, to reach a decade-high allocation to active global stocks. Its active equity portfolio now consists of 103 funds, increasing fivefold compared to 2020 when it only invested in 20.
Darcy SongJuly 9, 2025
Investor Profile
Japan University Fund expands active allocation guided by risk factors
The $77 billion Japan University Fund is stepping up active strategies and introducing country-specific passive allocations as the young endowment, established only in 2022, builds out the policy portfolio. Co-CIO and the head of global investment department Naoya Sugimoto speaks about JUF's vision and manager expectations.
Darcy SongJuly 8, 2025
Investor Profile
UPP: Canadian investor looks outside US markets
Canada's University Pension Plan is eyeing new risks and opportunities triggered by policies from the Trump administration, like additional taxes for US investments and a surge of public spending on defence and infrastructure in Germany. It is also fine-tuning its roster of active managers.
Sarah RundellJuly 8, 2025
News
KIC eyes pivot to total portfolio approach in latest review
The $206.5 billion Korea Investment Corporation has become the latest asset owner weighing a shift into the total portfolio approach in an attempt to boost investment returns. After putting out an RFP for a consulting partner in May, it will conduct a review into early next year about TPA's feasibility.
Darcy SongJuly 3, 2025
Investor Profile
LACERA: It’s all in the process
In an interview with Top1000funds.com, Los Angeles County Employees Retirement Association CIO John Grabel explains how the fund's deeply ingrained investment processes guide the pension fund through times of uncertainty.
Sarah RundellJuly 3, 2025
Investor Profile
IMCO reconsiders US exposure as geopolitical landscape shifts
The Investment Management Company of Ontario is re-evaluating its US exposure amid concerns over the ongoing trade war and growing US debt and deficits. In an interview with Top1000funds.com, CIO Rossitsa Stoyanova outlines how the fund continues to internalise with a focus on private assets.
Brendan SwiftJuly 1, 2025