Behind the scenes look at the governance, structure and decision making, and attitudes to fees, operations and managers, of large investors.
Air Canada, the pension fund for Canada’s flagship carrier, is preparing to manage external assets in a bid to let other pension funds and institutions tap into its top decile performance and 65-strong expert internal team.
Sarah RundellDecember 4, 2019
Active investing in US large caps has detracted value from US pension fund portfolios and exposures should be indexed, according to new research by CEM Benchmarking. This could result in huge cost savings and have implications for how pension funds spend their active budget.
Amanda WhiteNovember 29, 2019
Norway’s fund for local government employees and healthcare workers, KLP, abides by strict internal ESG principles. Sarah Rundell looks at how this translates to investments in emerging markets, its view of indexes and a concentration of manager relationships.
Sarah RundellNovember 27, 2019
A big contributor to the long-term top decile performance of the Washington State Investment Board has been its high allocation to private markets. But it is not just the high allocation that sets the fund apart from its peers, it’s also the nature of the relationships with its GPs. Amanda White speaks to retiring CIO Gary Bruebaker about the fund's secret sauce.
Amanda WhiteNovember 6, 2019
More than 40 asset managers were shortlisted for a private credit mandate for the £8 billion UK DC plan, NEST. It chose three. Sarah Rundell looks at the process and structures, and what the fund looked for in a manager.
Sarah RundellOctober 31, 2019
Traditional performance monitoring reports do more harm than good, argues Phil Edwards, who suggests a more effective monitoring framework shifts the focus away from performance numbers and towards the fundamental characteristics of the stocks held in the portfolio, perhaps borrowing some elements from private markets.
Phil EdwardsOctober 30, 2019