Fairfax County Employees’ Retirement System says its allocation to digital assets has become the best-performing investment in the fund’s history. The $6.3 billion pension plan first invested in blockchain infrastructure and digital assets through venture funds in 2019, and early distributions are now beginning to arrive.
Dutch investor APG is showing its deep commitment to Asia by installing its chief investment officer of private markets in the Hong Kong office, a prime location from which to proactively source opportunities. The fund outlines its plan to increase allocation in infrastructure and private equity while integrating impact themes.
The Global Pension Transparency Benchmark has been a driving force in improved transparency of disclosures and reporting among global asset owners. As the project comes to its close after five years, two leading funds reflect on why transparency has been a clear focus for their organisations.
NEST is conducting a strategic review of its private markets allocation to ensure the program – launched in 2020 – is still capturing a liquidity premium for its young member base. Its private market head explains the key seams including no performance fees and evergreen structures to monitor deployment.
Trustees and employers overseeing the UK’s 5,000 corporate pension plans, which hold an estimated £1.2 trillion ($1.6 trillion), have another option to help manage their defined benefit assets following TPT Retirement Solutions' proposal for a new superfund that will access managers through a fund-of-funds structure.
Fordham University CIO Geeta Kapadia is cutting back on private credit, calling it an asset class “less able to financially engineer returns” in a higher-rate world. She’s instead redirecting the $1.1 billion endowment to venture and growth equity and entrusting larger mandates to a smaller roster of high-conviction managers.
In an endorsement of its hard work over the last year, Sweden’s Fund Selection Agency, which procures and monitors the funds on offer on the country’s premium pension platform, is already starting to see improved returns and lower fees from the wave of new equity funds it mandated.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
Top1000funds.com is read by investment professionals in more than 40 countries.
Investor Profile