Managing not just measuring risk is key to long-term returns

Nobel Prize-winning economist Myron Scholes told t
Continue Reading

A Top1000funds.com subscription unlocks the full article

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).
Register now
Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.

Leave a Comment

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

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

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

Sort content by

UTC and AEW build recipe for RE success

Industrial group UTC and global real estate manager AEW have structured a joint-venture investing in value-add real estate. In a relationship forged on trust and friendship, the allocation has grown to become the corporate pension fund’s best performing asset class.

Danish fund cuts managers for better ESG

The €9.5 billion DanishPædagogernes Pension, PBU, is in the process of consolidating the number of managers in its listed equity portfolio. The decision at the fund - which has around 10 large, focused equity mandates - is linked to an ambition to reduce the number of companies in the portfolio in the belief that fewer companies in the 42 per cent actively-managed equity allocation allows greater ESG oversight.

The impact of technology on investments

Harshal Chaudhari recently sidestepped from his role as company-wide CIO at IBM, looking after $150 billion in pension assets, to a new role as the tech giant’s chief analytics officer. He spoke to Top1000Funds about the strategy he ran at the pension fund, his wider thoughts on the global economy and the impact of technology on the investment world.

A sustainability taxonomy for investors

The EU expert group for sustainable finance has published a taxonomy, or green encyclopedia, that gives guidance to investors looking to finance the transition to an economy in line with the Paris Climate Agreement. PGGM’s Brenda Kramer, who is a member of the EC’s sustainable finance technical expert group, explains how this could be a game changer in the long term.

ADIA boosts internal active fixed income

The $700 billion Abu Dhabi Investment Authority, ADIA, is boosting its internal fixed income capabilities and scaling up capacity to run active strategies in-house as it simplifies the portfolio to become more fleet-of-foot.

Finding risk: First State Super

A decade of ultra-low rates and mediocre growth does not mean that every year will yield low returns for investors, according to Damian Graham, the CIO of First State Super one of Australia's largest institutional investors. He talks about how to get enough risk in the portfolio.

Previous