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.
The jewel in the crown of the Church Commissioners’ portfolio, the London-based asset manager for the historic assets of the Church of England, is its allocation to real assets, which contributes to returns used to support the work and specific needs of the church, alongside clergy pensions.
A chronic shortage of housing in the UK has resulted in long waiting lists for social housing and young people left priced out of ownership. The experience of the Greater Manchester Pension Fund, investing more in the sector, provides lessons for other investors in jurisdictions with a housing shortage.
New Jersey already invests 18 per cent of its $11 billion private equity programme with emerging managers. Now it's rolling out its platform to Next Generation real estate and private credit managers too
Migros-Pensionskasse (MPK) the CHF28.2 billion ($30 billion) pension fund for Switzerland’s largest retailer, Migros, has done much to reduce emissions in its real estate allocation. But balancing adding value with the cost of integrating sustainability is a challenge.
APG is considering licensing its new bespoke ESG real estate index to the broader industry, with CRREM compliance a driving factor of broadening its availability.
The differentiating characteristics of unlisted and listed real estate diminish over time according to new research by Norges Bank Investment Management, supporting the sovereign wealth funds’ unique combined strategy for real estate that sees both private and listed sit in the same team.
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