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.
Canadian pension fund OTPP's chief economist forecasts tough times ahead: COVID spending has papered of the cracks of existing problems; it yields nothing but there are few alternatives to fixed income and inflation is on the way
USS's head of dynamic asset allocation Bruno Serfaty reflects on the inflation risk coming down the track, and suggests ways investors can build alternative liability matching portfolios beyond government bonds.
NZ Super's recent five-year reference portfolio review saw much debate over currency risk, with the discussion elevating to the board - an unusual situation for the fund whose internal IC usually makes recommendations to the board.
Organising teams to develop thinking outside of investment silos has helped Cbus navigate recent liquidity challenges and devote deeper thinking to structural trends, the A$54 billion fund’s CIO Kristian Fok says.
An LDI approach, which included a large allocation to bonds and a lot of internal investment management, helped HOOPP survive the GFC and has served it well for the past 13 years. But now – with the COVID crisis and a very low interest rate environment – that approach is being revisited and the fund is looking to invest more in alpha generating assets, and external management.
New Zealand Super’s low-carbon reference portfolio has outperformed the original reference portfolio, adding NZ$800 million to the fund and providing evidence of ESG alpha. The low-carbon reference portfolio, that until now has had targets of reducing emissions intensity by 20 per cent and its exposure to potential emissions from fossil fuel reserves by 40 per cent, has added about 60 basis points per annum to performance since it was brought
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