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.
Institutional investors face a rapid and evolving set of responsibilities that can severely impact their ability to focus and fulfill on their long-term strategy if not dealt with in a process-driven way. FCLTGLobal has released a guide for investors, Ripples of Responsibility, to specifically provide procedures around those responsibilities and gives investors tools to understand and fulfill on these responsibilities.
In just 20 years the Canadian fund PSP Investments has grown from a standing start to more than C$200 billion. As it enters its next five year strategy, Amanda White spoke to CIO Eduard van Gelderen about the next phase of portfolio management and the development of its total portfolio approach including assessing and allocating investments on a sector basis.
In October 2020 AIMCo, the C$118 billion Canadian fund appointed its first chief investment strategy officer splitting the investment function between the top down strategy and bottom up implementation responsibilities. Amanda White talks to Amit Prakash about how the new function will add valuable investment insights to clients.
The legacy of Jack Ehnes, chief executive of CalSTRS for nearly 20 years, is the embedded long-term view in the culture of the organisation which impacts everything from investments to benefit planning strategy. He talks to Amanda White about managing multiple, complex and competing stakeholders for the good of California's teachers.
The CEO of CalPERS Marcie Frost has a big year ahead. Not only is the fund still searching for a CIO, but it will also conduct its four-yearly asset liability study this year. Frost speaks to Amanda White about the challenges of the top job at the largest fund in the US and how she works to make sure the “real story” of CalPERS gets told.
The CalPERS board will make a decision next week on whether to include a long-term incentive compensation element as part of an incoming CIO’s remuneration package, something that the fund's chief executive, Marcie Frost, said is a contributing factor to the fund putting its search for a new investment head on hold.
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