Your guide to internal staffing levels
A CEM Benchmarking study finds that size, asset mix, investment style and complexity determine the level of front-office and back-office staff but external manager fees are the big expense.
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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Texas Teachers bears down on fees
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
LD innovates on equities, fees
Danish pension fund Lønmodtagernes Dyrtidsfond has embraced innovation, introducing four buckets for a more dynamic equities portfolio and co-investing with peers to get top value for fees.
Telstra Super managers offer key insight
When Telstra Super noticed a mismatch between global uncertainty and a key volatility index, external managers provided insights that led to good decisions and strengthened partnerships.
Real investors properly align interests
A good investor must be proactive in determining the fee structure and legal terms in a fund’s documents. Funds that fail to get interests properly aligned on such issues will pay a price.
Cbus CIO duo talk secrets of success
The CIO role of the Australian construction industry fund, Cbus Super is shared. Here we examine the success of that partnership and the fund's plan to bring up to 20 per cent of assets inhouse.
Organisational Design