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Inhouse target: zero to
$40 billion in 4 years

If everything continues on schedule, the $60-billion AustralianSuper will begin testing its new internal investment-management systems this month, with a view to managing its first money in house in the third quarter of 2013. Within four years the fund expects to manage as much as $40 billion in house, funded primarily from cash flow, and

Belgium’s KBC fund
thrives on LDI

Edwin Meysmans, chief executive of the KBC Pension Fund, sounds extremely relaxed for a man who rises early to avoid Brussels’ clogged roads on the way to the office. Then again, that Meysmans shies away from the madness of commuting crowds should perhaps be no real surprise given that his fund focuses on avoiding being

PKA seeks to satisfy its infrastructure hunger

The DKK200-billion ($35-billion) Danish medical professionals pension fund grouping, PKA, wants its government to help satisfy its appetite for investing in major infrastructure projects. Frank Jensen, an analyst on its asset strategy team, says PKA “is eager to get started” on sealing public-private partnerships with the Danish government, but its plans “have not come as

Norway opens a window on its global investment strategy

On March 8 when Yngve Slyngstad announced the annual results of Norway’s sovereign wealth fund, he did more than unveil a routine set of numbers. The chief executive of The Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), was also revealing the first results following what he called a “substantial” change

Outward bound from the Finnish

Finnish pension investor Ilmarinen is exploring whether to send a representative to South America as it intensifies its emerging market operations. Timo Ritakallio, who heads investment at the €29-billion ($39-billion) fund, says it is looking to access “more and more emerging market opportunities”. In January Ilmarinen sent a senior portfolio manager to run a “one-man

Super, apart from the REST

Jo Townsend, the chief investment officer at REST Industry Super, says the fund is not only investing according to a long-term horizon, but is also willing to depart from the pack when making investment decisions. “Our fundamental investment belief is that it is possible to add value through active investment management, and we do that