APG has successfully shifted its smaller pension fund clients to the new defined contribution pension system and now begins the huge task of moving the giant ABP as well. The defined contribution system has many implications including shedding more than 1000 staff at APG and moving investments more into riskier assets.
The C$60 billion ($48 billion) Investment Management Corporation of Ontario, the latest kid on the block in Canada’s pension scene, is planning its asset allocation 2.0, which will involve more private and direct investments, more internalisation and lower costs. Amanda White spoke to chief executive Bert Clark and chief investment officer Jean Michel.
PennPSERS has announced it pays its private equity GPs about 20 per cent of investment profits. The reveal from the $56.7 billion public pension fund, which came after a laborious process involving 500 staff hours, expands on its commitment to transparency.
The $64.9 billion Alaska Permanent Fund’s new CIO interviewed for the role while the public watched and listened. A history of transparency at APF defies sovereign funds’ reputation for secrecy.
In a world where it’s difficult to find asset managers that regularly beat the market, Swedish pension fund AP1 looks for managers by evaluating people, process and culture first. The head of external asset management, Majdi Chammas explains.
The $32.5 billion Australian superannuation fund has set emissions targets for portfolios and incorporated TCFD disclosure rules as it makes climate risk management a factor in awarding mandates.
The $1.4 trillion Japanese fund will use deep-learning technology to monitor and evaluate the styles and processes of managers more effectively and pressure them to adopt high-tech tools.
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