South Dakota pension’s long view
At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.
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.
At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.
A panel tells delegates that asset managers need to make the shift from using IT to support back-office functions to applying it in their fundamental investment decision-making.
Keith Ambachtsheer says net value added for members, not absolute cost, is the way to evaluate funds, and points to a report from Australia’s Productivity Commission as a sensible blueprint.
UniSuper CIO John Pearce has put together an internal team that consistently delivers top-ranked returns. Here, he discusses his investment philosophy and reveals a dominant theme for 2017.
Funds will look to pressure fund managers to put more skin in the game with fee structures as they try to control costs and expectations in a low-return world, our third annual CIO survey finds.
Canada’s OPTrust has impressive stats. In 2015, it returned 8 per cent and remained fully funded. Its plans for the year ahead include infrastructure, hedge funds and managing even more in-house.
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