Australia’s VFMC goes whole-of-portfolio
CIO of the A$60.4 billion ($46 billion) Victorian Funds Management Corporation, Russell Clarke, discusses adopting centralised portfolio management as part of a quest for continuous improvement.
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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CalPERS seeks ideal pay formula
The $350 billion CalPERS is under time pressure to find the right formula on compensation - competitive but not an incentive for excessive risk - as key investment roles remain vacant.
Australia’s QIC gets real about risk
As the era of double-digit returns winds down, Jim Christensen, head of the $65 billion Queensland Government-owned firm, is having the hard conversations with clients about expectations.
OPTrust ready to jump on bonds
Staying fully funded is priority for the C$20 billion OPTrust, reflected in everything from the name of its annual report to its scaling down of equities, to manoeuvring for high-yield debt.
Thirst for data serves Mass PRIM
The $71.9 billion Mass PRIM pores over the numbers to be sure it pays active managers only for skill. That's just one way it uses intense analysis to deliver.
Texas’ ERS to boost alternatives
The $29 billion Employees Retirement System of Texas will add to its alternatives portfolio over four years and wants small managers to represent 10 per cent of its active mandates.
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