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.
A desire to hedge the portfolio against extreme market risks and rising inflation, has resulted in the $220 billion CalPERS departing from its traditional asset allocation after a year-long review, and introducing the allocation of assets according to five broad groups.
Funds managers should get back to their roots, says Saker Nusseibeh (pictured), the investments chief of the £32 billion ($50.3 billion) BT Pensions Scheme’s funds management arm, and renew their long-term aim of delivering risk-adjusted alpha and stop being “investment banker wannabes”.
Conservatism will reign in the Netherlands in 2011, as a well-diversified, relatively liquid portfolio drives the asset allocation of APG Asset Management. But while caution rules, head of strategy, Ronald Wuijster is also well-aware of the need for an open mind around the measurement of risk.
If there was an opportunity for a clean slate, what investments and service providers would provide the optimal structure for your members? The UK’s National Employment Savings Trust is preparing to receive its first contributions next year. Amanda White spoke with chair Lawrence Churchill about that privilege and challenge.
The $200 billion National Pension Fund of Korea, which like many Asian funds sailed through the global crisis virtually unscathed, is looking to reduce its big overweight to fixed interest in favour of international equities and other growth assets.
Examining the complexity of individual asset classes, and their associated risks in combination, has been a major project for PGGM. Amanda White spoke to managing director investment strategy, Jaap van Dam.
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