Investor Profile
Sweden’s recipe for success: Active, low cost, ESG
CEOs at Sweden's four buffer funds link stellar returns to low costs, sustainability and active management.
Sarah RundellMarch 3, 2022
Asset Allocation
Penn PSERS trims leverage, adds fixed income and hones in on fees
The $71.9 billion Pennsylvania Public School Employees' Retirement System has reduced net leverage, added fixed income and continues to shave costs off its external investment management fees, mostly by reducing private allocations. The trimming and shifting of the portfolio is part of an adjusted SAA responding to ongoing market changes.
Sarah RundellSeptember 12, 2023
Governance
Internalisation drives value added for large funds
Size matters in institutional investing, but how exactly does it result in better returns? Research by CEM Benchmarking shows large, internalised, active investors produce more net value added than small, externalised, passive investors. Internalising private markets is a significant predictor of value add.
Sarah RundellFebruary 14, 2022
Asset Allocation
Border to Coast: Securing access to the best managers
The United Kingdom's Border to Coast pension pool has just mandated to a new private markets managers. Mark Lyon explains how the manager accessed the brightest and the best. The private markets allocation is on track to deliver promised fee reductions, despite mandating to expensive, sought-after external managers.
Sarah RundellJanuary 17, 2022
Asset Allocation
Border to Coast: cost savings and alpha generation
In the three years since formation Border to Coast has proven success on both sides of the ledger, providing significant cost savings for its underlying partner funds and giving them access to investments they would not have dreamed of as single entities. The passionate CIO of Border to Coast, Daniel Booth, talks to Amanda White about the fund’s success and what is next in its quest for constant improvement.
Amanda WhiteOctober 19, 2021
Investor Profile
AP2 continues sustainability journey with stellar returns and costs
Swedish buffer fund, AP2, has incorporated Paris-aligned rules into its benchmark construction for global and emerging market equities. This year it turns its attention to Swedish and Chinese equities. The moves come on the back of the best-ever half year return for the SEK421.2 billion fund and its lowest ever costs.
Amanda WhiteSeptember 7, 2021
Investor Profile
Cbus Super delivers lower fees, higher returns
The past year has seen Cbus Super bolster its team and systems - adding to its internalisation of investments - continue down the journey of fee reduction and deliver the best return of the fund’s 37-year history. Amanda White spoke to CIO, Kristian Fok.
Amanda WhiteJuly 15, 2021
