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.
Having moved its strategy to a more defensive position in the lead up to the global financial crisis, Cbus, the A$13 billion (US$10.4 billion) Australian pension fund for the construction and building industry, is preparing to put risk back on the table. Kristen Paech talks to investments and governance manager, Trish Donohue about how the
The £3.6 billion (US$5.9 billion) London Pensions Fund Authority (LPFA) chief executive, Mike Taylor, talks to Kristen Paech about the fund’s decision to suspend securities lending after the Lehman’s collapse, and some structural changes that have made it possible to invest on a more opportunistic basis.
Like most defined benefit pension funds, the £2 billion (US$3.27 billion) John Lewis Partnership Pensions Trust is struggling to cope with the funding pressures resulting from the financial crisis. But as pension investment manager Andrew Chapman tells Kristen Paech, bonds are not the solution.
The C$43 billion ($38 billion) Ontario Municipal Employees Retirement System (OMERS) has been granted expanded powers by the Ontario government to provide third-party investment and pension administration services, and is at various stages of discussion with a number of plans to provide investment management services.
Setting its commercial finance joint venture with General Electric (GE) in stone last Sunday, the US$14.7 billion Mubadala Development of Abu Dhabi furthered its drive into investments designed to boost its home economy through knowledge transfer, from resources exploration and production and education, to the ultimate commodity hedge: a sustainable city founded in the desert.
PME, the €18.8 billion (US$25.6 billion) industry-wide pension fund for the mechanical and electrical engineering sector in the Netherlands, has seen its funding ratio fall 45 per cent over the last year. Kristen Paech talks to the fund about its recovery plan, including the decision not to rebalance equities, and the benefits of using a
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