Denmark's ATP is awaiting a review that will report on the strength of its investment strategy, and suggest how to simplify reporting. But additional transparency must not hurt the future returns for members, warns Allan Japhetson, head of investment strategy at ATP.
Australia's largest pension fund, the A$160 billion AustralianSuper, is set to double in assets in the next five years. As a result it is sending more assets offshore and will set up offices in New York and Asia to access direct deals.
In an overhaul of investments impacting almost every asset class, Spain’s largest corporate pension fund, is looking to increase diversification and improve its ESG ratings. It’s decreased equities in favour of US government bonds as part of a strategy to protect the portfolio in a potential downturn, this strategy also includes tail risk hedging, currency hedging and slashing its hedge funds allocation.
In what will be exactly a decade leading and transforming the Universities Superannuation Scheme investment office, Roger Gray will step down in September. Amanda White spoke to him about investments, governance, the self-possession needed to thrive in funds management, and what’s next.
Illinois State Treasury is planning a new $700 million allocation to student loans in the first investment of its kind for any US state treasury. The $32 billion state treasury has never been scared to innovate.
Iceland’s ISK900 billion ($7.5 billion) Lífeyrissjóður Starfsmanna Ríkisins (LSR), the Pension Fund for State Employees and the Pension Fund for Nurses is poised to invest more overseas as capital controls introduced in the wake of Iceland’s 2008 banking crisis finally ease.
The case of three asset owners which have successfully added value through strategic tilting or informed rebalancing, shows how this could be applied by other asset owners to add alpha.
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