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FIS Stanford 2024

Stanford ponders the challenges of scale in endowment-style investing

Investing as an endowment works well with $43 billion of assets but the approach doesn’t scale efficiently, and will throw up some significant challenges as the endowment grows, the head of Stanford Management Corporation has told the Fiduciary Investors Symposium.

Amanda WhiteOctober 4, 2024

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Culture Club: CalPERS puts people first in talent reboot under new CIO

Sarah RundellOctober 3, 2024

Utah’s URS: Why fossil fuels and alt energy hold key to climate crisis

Sarah RundellOctober 1, 2024

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Church Commissioners: Managing historic real assets for the future

Sarah RundellSeptember 17, 2024

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Why AP4 has decided to integrate Scope 3 emissions across equities

Sarah RundellSeptember 12, 2024

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Japan’s Noritz fund talks asset manager gripes and why comparisons are bad

Japan's Noritz Pension Fund combines active management with a large allocation to cash. CIO Kyoshi Iwashina opines on his frustrations with the asset management community, his concerns about ESG and the dangers inherent in comparisons between corporate pension funds.

Sarah RundellSeptember 5, 2024

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ATP returns hit again by large allocation to bonds

The $102 billion Danish pension fund, ATP, returned just 3 per cent in its return-seeking allocation in the first half of this year, buoyed by its foreign and Danish equity portfolios but pulled down by rising interest rates negatively impacting the large allocation to bonds.

Sarah RundellSeptember 3, 2024

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KLP continues the fight to get Chinese mining companies to change

As growing geopolitical tension and government control has caused some investors to exit China, Norway's $78 billion pension fund KLP has stepped up engagement with Chinese mining companies at risk of breaching labour rights and responsible extraction.

Sarah RundellSeptember 3, 2024

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Alecta doubles down on governance, risk management and culture

Sweden’s largest pension fund, the $126 billion Alecta, has spent much of the last year continuing to work on improving governance, risk management, competence and culture in the wake of a $2 billion loss in 2023 attributable to investments in US regional banks, including Silicon Valley Bank, turning sour.

Sarah RundellAugust 29, 2024

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How the tech surge has hit active management at Denmark’s AP Pension

The active equity strategy of Denmark’s €23 billion AP Pension – which focuses on a narrow exposure to a small set of high conviction, quality companies - has been hit by the surge in tech stocks, none more so than Nvidia. Investment director Pernille Jessen explains the problem.

Sarah RundellAugust 20, 2024

Investor Profile

USS swings into surplus but flags re-think after Thames losses

USS says losses in Thames Water have led to deep reflection on how it will invest in regulated assets in the future, flagging the need for consistent regulation to support pension fund investment. As the fund celebrates its 50th year it records a surplus for the first time since 2008.

Sarah RundellAugust 15, 2024

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