A keen focus on rebalancing, and best in class systems, allows the UK’s £31.2 billion Pension Protection Fund to effectively implement a dynamic hedging strategy for one of the UK's biggest LDI portfolios. Sarah Rundell reports.
Sunil Krishnan, head of market strategy at $62-billion British Telecom Pension Scheme Management Limited (BTPS), the United Kingdom’s largest pension fund for employees of global telecoms operator BT Group, has sage advice for investors contemplating their exposure to emerging markets. Examining the pros and cons of the asset class, Krishnan counsels caution. Speaking at a
Patrick Groenendijk, chief investment officer of €14-billion ($18-billion) Dutch fund Pensioenfonds Vervoer, seems to be well aware of the value of stability to investors, having striven to find the fund’s ideal fiduciary manager, keep faith in a defensive investment strategy and stay at an arm’s length from government investment initiatives. The Vervoer fund has been
The investment staff of the $170-billion Californian Teachers Fund, CalSTRS, will present new asset allocation recommendations to the board next week, with a reduction in fixed income and the adoption of a new “absolute return” category the likely outcome. The fund is in the final stages of the long process of its 2012 asset liability
Italy boasts relatively few institutional investors, but the Milan-based Fondazione Cariplo shows that new investing standards can still be set in the home of the renaissance. The €7-billion ($9.3-billion) foundation’s most coveted investment work is its pioneering Italian funds in social housing – an asset area that has been touted in larger markets as an
Sally Bridgeland, chief executive of BP Pension Trustees, the £18.5-billion ($28.7 billion) pension fund for employees of one the world’s biggest oil companies, only works part-time. She made the decision after a near-fatal skiing accident when she says her life passed before her. She is BP’s first group leader to do so and is evangelical
Spain is a country of high geographic diversity where barren plains meet lush mountains and quiet old villages dot the landscape between vibrant, majestic cities. Fittingly perhaps, the country’s largest occupational pension investor Fonditel shines out as a highly sophisticated investor among an underdeveloped pension landscape. The €3.9-billion ($5.2-billion) fund – that mostly covers employees
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