Impact of a slowing China, rising rates on portfolios: UniSuper CIO
John Pearce, chief investment officer of the A$115 billion UniSuper discusses his long-term view on China, inflation and the impact on the fund’s portfolio.
Velliv reset: More Danish funds lean into low cost DC model
In Denmark’s fiercely competitive commercial pension industry, Velliv was quick to take action with a root-and-branch overhaul of its pension provision when it experienced a drop in returns in the first half of 2024. It sacked its active equity managers and scaled up internal active strategies and low-cost, index-based investments instead, and stopped allocating to its $4.3 billion alternatives allocation. Thor Schultz Christensen, deputy CIO at Velliv, unpacks the change.
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CalSTRS’ Ailman on why funds need to go big or go home
The $298 billion California State Teachers’ Retirement System (CalSTRS) has struggled to find meaningful investment opportunities to protect its portfolio against inflation, highlighting one of the key challenges funds potentially face as they grow, according to the fund’s chief investment officer Chris Ailman.
GIC: Building balanced portfolios for the long run
Navigating the two challenges of heightened macro uncertainty and an increased allocation to private assets could require a fundamental evolution of the asset-allocation process, argue Grace Qiu Tiantian and Ding Li from Singapore’s GIC in a paper written with MSCI’s Peter Shepard entitled Building Balanced Portfolios for the Long Run.
CalPERS board reflects on liquidity and leverage; higher delegation limits
The investment team at CalPERS asks the investment committee for an increase in staff delegation limits for private assets to help meet the new SAA to private markets, and the board reflects on the liquidity and leverage program in place.
Pooling benefits show at Border to Coast in path to investment excellence
As Border to Coast approaches its 5th birthday chief executive Rachel Elwell reflects on the achievement of building a sustainable organisation, what investment capabilities are still to develop and the priorities for the underlying partner funds.
ESG: Engagement, stock picking and investment team expertise key at AP4
Engagement, stock picking and ensuring every investment team has its own sustainability expertise have been key to integrating ESG at AP4, explains chief executive Niklas Ekvall.
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