Finland’s VER charts interest rate impact on risk premiums

The key question for pension investors today is wh
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TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

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.

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Florida SBA hikes pay levels; portfolio managers gain most

Florida State Board of Administration has significantly increased compensation for its investment professionals in line with midway pay levels at peer funds. Early stage portfolio managers see the sharpest rises reflecting competition in that corner of the market but the SBA is also paying more to its back office staff.

Why City of Austin goes evergreen in first private markets foray

With a new funded policy in place, CIO David Kushner is building a new private markets allocation at COAERS. He explains why private credit evergreen investments make a good starting point for a new private markets allocation that will make up 10 per cent of the fund.

Penn PSERS trims leverage, adds fixed income and hones in on fees

The $71.9 billion Pennsylvania Public School Employees' Retirement System has reduced net leverage, added fixed income and continues to shave costs off its external investment management fees, mostly by reducing private allocations. The trimming and shifting of the portfolio is part of an adjusted SAA responding to ongoing market changes.

PPF throws hat in the ring to manage DB pension assets for growth

The United Kingdom’s £32 billion Pension Protection Fund (PPF) is marketing its credentials to act as consolidator for the country’s thousands of  DB corporate retirement funds.

San Francisco’s Alison Romano makes her mark

Over a year into her role as executive director and CIO at SFERS Alison Romano gives the low down on how she approached her new role, how she is reviewing the absolute return allocation and how leadership involves more listening and asking questions than speaking.

NBIM: Listed and private real estate is all the same in the long run

The differentiating characteristics of unlisted and listed real estate diminish over time according to new research by Norges Bank Investment Management, supporting the sovereign wealth funds’ unique combined strategy for real estate that sees both private and listed sit in the same team.

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