Climate change means change

August 25, 2026

LACERA braces for lower expected returns across portfolio ahead of SAA review

August 25, 2026

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

August 20, 2026

Lesson learned: How allocators can turn investment experience into a value-creation edge

August 20, 2026

TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

Transport for London Pension Fund styled a bespoke benchmark to gold in its Pure Alpha mandate with Bridgewater. It has added hundreds of millions of pounds to the portfolio, says chief investment officer Padmesh Shukla. In a wide-ranging conversation, he also explains the rationale for reducing equity to just 18 per cent of the total fund and why emerging markets aren't offering the diversification or returns they used to.

August 25, 2026

News

LACERA braces for lower expected returns across portfolio ahead of SAA review

August 25, 2026

Investor Profile

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

August 20, 2026

Research

Lesson learned: How allocators can turn investment experience into a value-creation edge

August 20, 2026

Featured Story

An announcement from the editor

August 19, 2026

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Featured Story

Global critique calls for Aussie reform

A global working group of pension experts critiqued the Australian system at the recent ICPM meeting in Sydney. They emphasised a desperate need for the system to move from accumulation to retirement income, reduce complexity, focus on retirees (not 40-year olds) and be holistic. After all, they said, the purpose of a pension system is about paying pensions not investment.

November 08, 2019

Investor Profile

Washington State’s secret sauce

A big contributor to the long-term top decile performance of the Washington State Investment Board has been its high allocation to private markets. But it is not just the high allocation that sets the fund apart from its peers, it’s also the nature of the relationships with its GPs. Amanda White speaks to retiring CIO Gary Bruebaker about the fund's secret sauce.

November 06, 2019

Investor Profile

Denmark’s Sampension favours CLOs

Sampension, the DKK325.6 billion labour-market Danish pension fund has found a rich seam investing in AAA-rated CLOs where it earns a pick-up from traditional fixed income in loans with low default rates. The head of credit Anders Tauber Lassen says the fund feels "quite comfortable taking this type of risk".

November 04, 2019

Manager Relationships

Looking less at the scoreboard

Traditional performance monitoring reports do more harm than good, argues Phil Edwards, who suggests a more effective monitoring framework shifts the focus away from performance numbers and towards the fundamental characteristics of the stocks held in the portfolio, perhaps borrowing some elements from private markets.

Phil Edwards

October 30, 2019

Asset Allocation

NZ Super reviews reference portfolio

The NZ$43 billion ($27 billion) New Zealand Super Fund is undergoing its five-yearly review of its reference portfolio, an innovative and unique asset allocation reference point that allows the fund to benchmark the performance of its actual portfolio and any value added through active management.

October 21, 2019

Investor Profile

Bridgewater and UTIMCO talk China

The $41 billion University of Texas Investment Management has been investing in China since 2007 and its CIO, Britt Harris says it “must be taken seriously”. Presenting at the endowment's board meeting, co-CIO of Bridgewater, Bob Prince, agreed, saying “China is too big to avoid”.