CalPERS wants PE revamp to move quickly
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.
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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AustralianSuper on shaping ownership
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.
Railpen: good partners add skills
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
GPIF fee structure aligns interests
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.
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.
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.
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