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.
With a massive allocation to cash of 14 per cent and an underweight to domestic equities and real estate, the $21 billion South Carolina Retirement System Investment Commission is uniquely positioned as a liquid investor ready to pounce. Chief investment officer, Bob Borden, spoke to Amanda White about the advantages of coming to the diversification
This month the $24 billion Arizona State Retirement System completed an asset allocation overhaul resulting in new dedicated allocations to commodities and emerging market equities. Amanda White spoke with director Paul Matson about the decision-making process and the exposure and implementation decisions, including manager selection, still to come.
The $32 billion Maryland State Retirement System is searching for advisers in real estate and private equity, as it moves toward its strategic asset allocation target that sits signficantly distant from its actual investments at the end of September, requiring a quadrupling of its private equity investments and new allocations to real return assets.
In the final days of the hedge fund boom, the A$30 billion ($27.8 billion) AustralianSuper stepped up its investigation of the market returns embedded within the alternative strategies. Now, two years and a devastating financial crisis later, the big defined contribution fund has cut back its hedge fund program and begun analysing the true power
Hermes Fund Managers, the investment management arm of the BT Pension Scheme in the UK, is following the charted territory of OMERS in Canada and QIC in Australia, and branching beyond the province of its principal client with the aim of being a funds manager for pension funds globally. Head of investment, Saker Nusseibeh, spoke
Taking over from Peter Moon, chief investment officer of the £27 billion ($44 billion) Universities Superannuation Scheme, Roger Gray is the first new CIO at the fund in 17 years. He speaks with Amanda White about viewing the fund through fresh eyes and his ideas for staffing and investment developments.
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