Australia’s HESTA makes big changes
HESTA's CIO Sonya Sawtell-Rickson and Willis Towers Watson’s Roger Urwin are guiding a transformation at the fund, including adopting a total portfolio approach and planning an innovation lab.
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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AIMCo makes private equity top priority
Canada's AIMCo is pushing innovation further, taking ownership stakes in energy groups and hedge funds, and going after private equity with renewed gusto.
GPIF insists on paying only for alpha
Hiro Mizuno, CIO of the world's largest investor, told the CFA conference that in exchange for multi-year commitments its mandates would now claw back fees when firms don't reach alpha targets.
Florida SBA trusts long-term plan
Florida State Board of Administration CIO Ash Williams may modernise real-estate holdings or add Asia exposure, but he sticks to the long-term strategy – especially when tough times loom.
Industriens seeks more in renewables
Fresh off a windfall from green-energy assets in Asia, Denmark’s $26.9 billion Industriens Pension is looking to employ the model in Africa and Latin America, where it has a track record.
Denmark’s PKA goes for wind farms
The top-five Danish pension fund, PKA, has made a bigger push into alternatives than its peers, and a good chunk of that allocation comes from direct investment in offshore and onshore wind farms.
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