Equities

Investor Profile

NZ Super culls equities, focuses on impact

New Zealand Super has radically slashed the holdings in its passive equities portfolio as it re-aligns the portfolio with a Paris-aligned benchmark. It’s part of the fund’s shift to a sustainable finance focus which includes improving the fund’s already-good ESG profile and a more long-term future focus on impact investing.

Amanda WhiteDecember 15, 2022

Investor Profile

Equities allocation damaging biodiversity: Ilmarinen study

Sarah RundellOctober 18, 2022

Investor Profile

PGB talks private equity fees as Dutch funds feel the squeeze

Sarah RundellAugust 25, 2022

Shift to positive stock-bond correlation could increase risk, reduce return

Ben HurleyAugust 19, 2022

Sustainability

As inflation batters, TRS eyes natural gas

Sarah RundellAugust 18, 2022

Investor Profile

Real assets a haven in likely stagflationary environment

An overweight position in real assets and private equity, and an underweight to equities and bonds positioned the Ohio School Employees Retirement System for success in the last year but CIO Farouki Majeed is now even more convinced a stagflationary environment is likely and is positioning the fund accordingly.

Amanda WhiteAugust 16, 2022

Asset Allocation

GPIF feels equity’s wrath; active equity reboot

Japan's GPIF feels the heat of see-sawing global equity markets in its latest quarterly results while the latest annual review reveals a shakeup in global active equity allocations in search of more manager diversification.

Sarah RundellAugust 8, 2022

Investor Profile

San Bernardino tilts to US equity; informed rebalancing reaps rewards

San Bernardino County Employees’ Retirement Association, SBCERA, plans to increase its exposure to US equity in preparation for de-globalization trends. Sarah Rundell talks to CIO, Donald Pierce about asset allocation and the fund’s ‘informed rebalancing’ program.

Sarah RundellJuly 12, 2022

Investor Profile

Maryland’s record year prompts actuarial rate reduction

Maryland State Retirement and Pension System is the latest fund to record an historical performance for the 2021 financial year, returning a best ever 26.7 per cent. Again public and private equities were the star performers with an exceptional 51.85 per cent return in private equity and 44.54 per cent in public equities But in recognition there might be a bill to pay for those higher returns in the future the fund has lowered its actuarial rate of return.

Amanda WhiteSeptember 9, 2021

Equities

CalPERS reduces equities universe

In the first story of an exclusive series examining investment portfolio innovation at CalPERS, Amanda White looks at the global equities portfolio where the universe of stocks was recently halved.

Amanda WhiteAugust 19, 2021

Equities

Fiduciary duty in dysfunctional markets

Phil Edwards and Paul Woolley argue that if asset owners exhibit a more effective application of fiduciary duty to curb performance-chasing by verifying the implicit time horizon of the strategies adopted by the asset managers they employ, they could incentivise a shift towards longer horizons within financial markets with both private and social benefits.

Philip Edwards and Paul WoolleyJune 22, 2021

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