Sweden’s recipe for success: Active, low cost, ESG
CEOs at Sweden's four buffer funds link stellar returns to low costs, sustainability and active management.
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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PMT builds out its ESG screening and engagement program
PMT, the Dutch fund for metal and technical workers, has just increased the screens guarding its equity and bond allocations from ESG laggards. It is also increasing its engagement with companies to try and build climate awareness.
Railpen: Why internally run engagement makes the difference
Railpen, well known for its belief in the cost and control benefits of inhouse management visible in its large in-house team has also built up an internal engagement team to better align stewardship with its ESG objectives, particularly ambitious net zero targets.
CalSTRS’ cautious outlook
CalSTRS' long-time CIO, Chris Ailman, is cautious about the outlook for markets with his "spider senses" working over time trying to understand the hidden risks in the economy. He told Amanda White the fund will focus the year on allocating to diversifying strategies and climate solutions.
PensionDanmark’s alternative ambition
Danish pension fund PensionDanmark is not only providing its members with robust returns, it's also leading Denmark's ambitions to become the "new Norway" but in green energy rather than oil and gas.
UNJSPF vows to explore impact and streamline governance
The United Nations Joint Staff Pension Fund plans to explore impact investment for part of the $90 billion portfolio including in developing and emerging markets like Africa, and boost diversification of its investments across developed, developing and emerging markets.
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