LPP takes first steps building a culture
The UK’s new Local Pensions Partnership is establishing its identity by learning from established funds, welcoming new ideas and seeking opportunities based on like-minded partners not size.
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.
The UK’s new Local Pensions Partnership is establishing its identity by learning from established funds, welcoming new ideas and seeking opportunities based on like-minded partners not size.
The Alaska Permanent Fund Corporation recognises three kinds of partnerships - with managers, specialised advisers and institutional peers - and has a plan for how to get the most out of each.
The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.
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.
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
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.
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