CPPIB focuses managers on long term
The C$337 billion CPPIB works towards a full understanding of its external managers’ strategies. These efforts, plus a customised fee structure, ensure a focus on long horizons.
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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Canada’s Caisse innovates in PE
The $233.3 billion pension fund, CDPQ, is looking to expand its sizeable private-equity allocation with moves into emerging markets and unconventional deals. Flexibility is essential.
North Carolina treasurer up for a fight
The head of North Carolina’s pension fund, Treasurer Dale Folwell, is dropping some managers, calling out others, and remaining cautious about reallocating capital – all without a CIO.
Taiwan’s BLF still diversifying
From elevating the focus on multi-asset and alternatives allocations to expanding its roster of external managers, the Bureau of Labor Funds’ plans for 2018 are about diffusing the risk.
CareSuper CIO active and determined
The CIO of the $10 billion superannuation fund for office workers has her team and investment philosophy in place, with a long-term focus and a mindset that says settling is never an option.
CalSTRS manoeuvres for 2018 trends
Risk mitigation and changes in private equity are examples of how the California State Teachers’ Retirement System is positioning itself for 2018. CIO Chris Ailman shares trends he sees ahead.
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