Nest, the largest workplace pension in the UK, says that private credit managers who prioritise institutional clients will be more favourably viewed. The £61 billion ($82 billion) fund has awarded a £450 million ($605 million) US direct lending mandate to Crescent Capital this month, citing the manager's institutional-client-first approach as a key attraction.
As many investors face the current uncertainty gripping world markets, ATP chief investment officer Henrik Jepsen says the Danish fund is well positioned to handle the current volatility.
After three years, the strategic partnership that Teacher Retirement System of Texas (TRS) initiated with four of the world’s biggest asset managers is bearing fruit, both in terms of returns and improvements in the fund’s investment processes.
The $18.2 billion Australian superannuation fund, Sunsuper, is gradually lowering its exposure to domestic equities and moving into emerging markets. The fund’s chief investment officer, David Hartley, says the move is being driven by concerns about concentration in the local share market and the potential impact that proposed reforms to Australia’s pension industry – the
The $46.17-billion Finnish pension fund Varma has maintained positive returns for the first half of this year and maintained mandated solvency levels, despite facing a steep market downturn both at home and abroad.
The Dutch fund for the transport industry, Pensioenfonds Vervoer, sacked Goldman Sachs Asset Management as its fiduciary manager in June last year. It is now close to appointing a replacement. Chief investment officer, Patrick Groenendijk, spoke to top1000funds.com about what it wants from an outsourced fiduciary.
The $289 billion Thrift Savings Plan (TSP), the largest defined contribution plan in the world, is embarking on a tender of its entire outsourced investments, worth about $173 billion. The incumbent is Blackrock. Executive director, Greg Long, explains the process to Top1000funds.com.
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