Chicago Teachers is bullish on allocating to diverse managers, more than doubling its target allocation to more than half of the fund's AUM. Its CIO explains how the strategy adds value through access to differentiated strategies and competitive fee structures.
The $244 billion Thrift Savings Plan, the largest defined contribution plan in the world, faces an enormous operational challenge this year as it moves from an opt-in to an opt-out default for US federal employees. Amanda White spoke with executive director Greg Long about the fund’s plans for 2010, which include a substantial investment tender.
With the ability to make investments of up to £50 million ($80.4 million) without board oversight, the London Pensions Fund Authority (LPFA) has boosted its exposure to emerging markets while also buying global infrastructure, commodities and solar energy. Chief executive Mike Taylor told Simon Mumme about some further opportunities, such as Brazilian agriculture, the fund
In the aftermath of the global financial crisis, some investors are questioning the true diversification in their global equity portfolios and the appropriateness of standard benchmarks. GREG BRIGHT spoke with Adrian Banner, co-chief investment officer at INTECH Investment Management, about these and other issues.
The giant Danish fund ATP has earmarked €1 billion to a climate change action fund, deliberately timing the launch of the commitment to coincide with the UN conference in its capital, Copenhagen. Amanda White spoke with chief investment officer of ATP, Bjarne Graven Larsen, about how the fund is using its sizeable capital to incite
Over the next few years the €180 billion ABP will invest 2 per cent of capital to innovative assets and strategies under the broad direction of innovation. One such investment has been an allocation to the incubator company, IMQubator, which invests in investment managers with innovative ideas and strategies. Amanda White spoke with chief investment
The $32 billion Maryland State Retirement System is searching for advisers in real estate and private equity, as it moves toward its strategic asset allocation target that sits signficantly distant from its actual investments at the end of September, requiring a quadrupling of its private equity investments and new allocations to real return assets.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
Top1000funds.com is read by investment professionals in more than 40 countries.
Investor Profile