Railpen reaps benefits of in-house team
Adding nearly two dozen staff and boosting its expertise in order to manage its property and equity assets has paid off in savings – and more importantly control – for the UK’s RPMI Railpen.
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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TCorp’s chair on change
Philip Chronican had 35 year career in Australian banking including as head of ANZ, and is now on the board of NAB. He talks about transformational change at the A$92 billion ($68 billion) TCorp.
Australia’s VFMC goes whole-of-portfolio
CIO of the A$60.4 billion ($46 billion) Victorian Funds Management Corporation, Russell Clarke, discusses adopting centralised portfolio management as part of a quest for continuous improvement.
Fees kill alpha from hedge funds
Many hedge fund portfolios perform well before costs but fall into negative alpha after charges are levied, Canadian firm CEM Benchmarking's analysis of nearly 400 large investors has found.
CalPERS seeks ideal pay formula
The $350 billion CalPERS is under time pressure to find the right formula on compensation - competitive but not an incentive for excessive risk - as key investment roles remain vacant.
Humans still have some edges on AI
Is it time to replace living portfolio managers with software? Probably not but AI will force people to focus on providing what machines can't. Check out where humans still outperform technology.
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