Germany’s €70 billion pension provider VBL is increasing its diversification, notably investing in overseas real estate outside Germany for the first time. It's also increasing its tilt to international equities over European stocks, enabled by an organisational and investment process overhaul.
Gaining Ground is a report by Mercer, in conjunction with the World Bank’s International Finance Corporation, examining the integration of environmental, social and governance factors into investment processes in emerging markets. It includes the first ever rating on ESG practices in China, India, South Korea and Brazil.
Global pension fund allocations to unlisted infrastructure have grown in recent years but Australian pension funds continue to lead the way when it comes to actual investments according to a report published by the Organisation for Economic Cooperation and Development (OECD), which also called for more help from governments in enhancing the investment environment.
Investors in the private equity secondaries universe must be selective as more assets, including distressed assets, come to market and valuations seem set to head south.
The home country bias of US public pension plans is diminishing, with the average allocation to US equities, falling from 42.3 per cent to 38.1 per cent from 2003 to 2008.
Sweden’s Third National Pension Fund, AP3, has rejigged its long-term strategic asset allocation and increased its exposure to alternatives. Kristen Paech talks to chief investment officer Erik Valtonen about the reasons behind the changes.
The A$60 billion Australian Future Fund has joined other global investors, taking a stake in one of the world’s largest private equity firms.
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