Next-generation nuclear energy, and the money pouring into it, will truly change the world, according to CIO of Utah Retirement System John Skjervem. It’s a lonely position as the CIO of a public pension fund but one Utah is embracing as it builds out early-stage investments in nuclear energy as part of its alternative energy portfolio. He speaks to Sarah Rundell in an exclusive interview about how investing in transformational energy technologies can be part of prudent investment management.
The £1.03 billion ($1.72 billion) Superannuation Arrangements of the University of London (SAUL) is one of a dwindling number of UK defined benefit plans that is still open to new members. Kristen Paech talks to Penny Green, chief executive of the fund, about the importance of manager selection and the advantages of being an open
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.
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