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.
One of Denmark’s largest industry funds, PensionDanmark is embracing the opportunities presented in the current climate, and has increased allocations to credit. Amanda White spoke to the fund’s CEO, Torben Pedersen, about its investment strategy. Torben Pedersen, chief executive of PensionDanmark, is upbeat, and perhaps a little opportunistic. While on paper, the fund is sceptical
AP7, the default fund within Sweden’s PPM system, is in for a shake-up with a raft of changes set to take effect in May next year. Kristen Paech talks to chief investment officer Richard Grottheim about the fund’s new remit and how its portfolio is tracking. As the global crisis hits home, many pension funds
CalPERS, the US$182 billion Californian public pension fund, has promoted its CIO to the vacant role of CEO – Anne Stausboll becomes the first woman to run the fund in its 77-year history.
For the past two months, a document has sat on the home page of the London Pension Fund Authority (LPFA) which would be the envy of many of its fellow defined benefit schemes. The document is simply, unequivocally headlined: “Your Pension Is Safe”.
The US$7 billion Hong Kong Jockey Club fund is looking to invest in the new year into some secondary private equity and distressed debt and equity funds, to take advantage of opportunities presented by the global financial crisis.
How ATP takes on risk on top of providing a guarantee Higher guaranteed pensions is good news for members of Denmark’s biggest pension fund, but how is ATP’s new pension savings model holding up in volatile markets? Kristen Paech reports on the investment strategies the fund is pursuing to meet its goals.
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