AustralianSuper on shaping ownership
Jim Craig is chair of the investment committee for the $76 billion AustralianSuper. He talks to Amanda White about aligning principles and strategy for Australia’s largest superannuation fund.
Sweden’s FTN focuses on fees and returns in latest procurement
Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.
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Railpen: good partners add skills
When the $37 billion pension fund embarked on a joint venture with the Alaska Permanent Fund and Kuwait's Public Institution for Social Security, it learned the value of complementary partnership
GPIF fee structure aligns interests
The world’s largest investor restructured how it pays its active mandates to get more certainty from managers. Its actions, which were taken after self-reflection, will affect the entire sector.
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.
TCorp pulls trigger on shake-up
The $70 billion NSW Treasury Corp has reorganised its investment staff to erase most sector divisions, in favour of more centralised portfolio construction and manager selection.
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.
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