Asset owners take charge on fees
New models that better align interests and a commitment to ‘fee principles’ are among the ways investors are getting more value for the expense. Even smaller funds are getting into the act.
Dutch transition: APG leans into data, IT and communication
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.
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PSRS/PEERS wants fees perfectly clear
The $43.6 billion Missouri education pension plan is a leader on transparency and costs, parsing out management and performance expenses in its annual report and negotiating less costly mandates.
UK funds acting on diversity
At the recent #actionsnotwords event in London, executives told of addressing philosophical blindspots, setting up flexible work hours, adding more drivers for recruitment and more.
Santiago Principles turn 10 years old
A decade ago, the Santiago Principles were established, to shape governance of state-owned investors. Voluntary participation and flexibility have been the secret to the guidelines’ longevity.
Utah to look for PE managers
The $37 billion Utah Retirement Systems (URS) will allocate to private equity managers directly, rather than through funds-of-funds, for the first time since it began investing in the asset class 35 years ago.
PRI rallies boards on data security
A group of more than 50 investors has formed to help raise awareness and standards for data protection. As related risks become a primary concern for directors, PRI is co-ordinating efforts.
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