PKA, one of Denmark’s largest pension service providers, is exploring whether to increase its risk budget by 10 per cent to boost returns. Michael Flycht, deputy director of equities and liquid alternatives at PKA, outlines why the fund is achieving this objective via leverage rather than direct exposures, and where it's allocating towards in hedge funds and infrastructure.
The past year has seen Cbus Super bolster its team and systems - adding to its internalisation of investments - continue down the journey of fee reduction and deliver the best return of the fund’s 37-year history. Amanda White spoke to CIO, Kristian Fok.
Customised ETFs are the new active management according to Jeb Burns the chief investment officer of MERS of Michigan which is using ETFs for about a third of the fund. Among other things its using ETFs to effectively tilt towards macro themes the team is currently researching.
Aware Super, one of Australia's largest superannuation funds, engaged McKinsey as part of the development of its next five-year strategy which the fund presented to the board in March. As it develops its next five-year plan a key initiative is how to deal with growth as it plans for an organisation that could double in size.
In just 20 years the Canadian fund PSP Investments has grown from a standing start to more than C$200 billion. As it enters its next five year strategy, Amanda White spoke to CIO Eduard van Gelderen about the next phase of portfolio management and the development of its total portfolio approach including assessing and allocating investments on a sector basis.
The SEK10 billion Church of Sweden fund invests all its assets through a sustainability lens. It’s had stellar performance driven largely by a chunk of the fund invested in the Generation Investment Management global equity fund, an investment that was diluted last year to manage concentration risk. Amanda White spoke to CIO, Anders Thorendal.
The C$23 billion Canadian fund OPTrust is using AI to reduce risk in a strategy it hopes to roll out to the wider portfolio. Wei Xie explains the benefits and challenges of machine learning including AI's ability to identify complex dimensional relationships.
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