Biden’s focus: Climate, China and Jobs

PGIM's chief economist and head of global macroeco
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Are Canada’s pension bosses paid too much?

Are Canada’s pension bosses paid too much?

Canada's public pension funds pay their executives huge salaries. But as performance continues to trail benchmarks, salary levels are coming under more scrutiny. Sarah Rundell takes a deep dive into the complex world of how to incentivise and reward pension fund executives.

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Fixed income and active equity pay off at Brazil’s FUNCEF

Switching out of equities into fixed income last year has helped swell returns at Brazil’s Fundação dos Economiários Federais, FUNCEF. Other return-boosting strategies included active equity investment.

Total portfolio management pays off at LPPI

The Local Pension Partnership pooled fund has saved £113 million in costs since inception. But the real benefit, according to chief executive Chris Rule, is the governance structure which allows the outsourced provider to manage the total portfolio. He spoke to Amanda White about the power of total portfolio management.

Food for thought: Investing in global food production

The inevitable move to more modern food production will create investment opportunities as the food industry moves to revolutionise but also reduce its own environmental impact. PGIM thematic research group director Jakob Wilhelmus outlines the risks and opportunities inherent in this mega theme.

Norway’s Folketrygdfondet seeks to spread its wings

Why Folketrygdfondet, the asset manager of Norway’s Government Pension Fund Norway’s NOK 330 billion ($31.4 billion) allocation to domestic and Nordic fixed income and equities, wants to spread its wings.

Costs drive ABP’s switch to passive in public markets

Managing costs is the central driver behind €470 Dutch civil service scheme ABP’s recent decision to switch much of its public market allocation to passive, index-led strategies, according to a spokesperson at the fund. The low-cost strategy at Europe’s largest pension fund is accompanied by sustainability and simplification priorities.

CalPERS’ 2030 strategy centred on private market build

Private markets are the cornerstone of CalPERS’ 2030 goal and strategic destination which will include building capabilities inhouse for direct investing. A number of new appointments, including Daniel Booth and Anton Orlich, have boosted the skills in the team. Amanda White spoke to CIO Nicole Musicco.

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