N. Mexico PERA adopts Wisconsin model
Public Employees Retirement Association of New Mexico CIO Dominic Garcia is headed down the path less travelled, employing a risk-parity and alpha strategy he learned with the State of Wisconsin.
PKA ups the risk; builds out infrastructure
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.
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HOOPP ponders re-allocating risk
Canada's Healthcare of Ontario Pension Plan is considering adding to its celebrated strategy with moves into reinsurance and infrastructure, based on forecasts of rapid growth in its assets.
TelstraSuper: allocation authority
Graeme Miller, CIO at the A$21 billion TelstraSuper fund, has beefed up the staff and processes committed to asset allocation and adopted an empowering vision of world-class funds management.
HSBC pension re-allocates to de-risk
"There are no prizes for taking on more risk than you need," said CIO Mark Thompson, after the fully funded UK scheme sold 60 per cent of its equities and targeted long-dated assets.
Dutch PGB wins with focus on risk
The $30.3 billion Pensioenfonds PGB has a strategy focused on regular adjustments to risk in equity, interest rates and credit. The scheme has led to an impressive funded status of 108 per cent.
Australia’s LGS goes active and thrives
Just seven years after restructuring around a passive core in response to the GFC, Australia's $8.2 billion Local Government Super has found confidence and success in active management.
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