Stable value at TRS proves ballast in extraordinary times

The Texas State Capitol building in Austin

Texas Teacher Retirement System, the $211.6 billio
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Inside the year-and-a-half-long review into ATP’s complicated portfolio

Inside the year-and-a-half-long review into ATP’s complicated portfolio

Danish pension giant Arbejdsmarkedets Tillægspension (ATP) has been urged to cull risk, establish formal portfolio benchmarks and reduce private markets exposures, according to an external review committee which handed down a 536-page report into the fund’s investment operations after an 18-month review. Following the release of the report by the board this week, co-author of the review Andrew Ang unpacks the findings with Top1000funds.com.

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FCLTGlobal: Climate risk visible in all transactions

Investors should allocate more to emerging markets to solve the climate emergency and consider climate risk in every transaction. Quebec's CDPQ now aligns a portion of its variable employee compensation to achieving climate targets at the asset owner.

New Zealand Super reviews risk budget

New Zealand Super just returned its best-ever result of nearly 30 per cent. In addition to the gains from its overweight position to equities the fund also fully hedged the currency. Amanda White explores the fund’s strategy and the risk budgeting review currently under way.

Limited talent pool hits diversity

Asset owners increasingly encourage their asset managers to improve diversity, but both owners and managers report the need to grow diverse talent coming into the investment industry, according to recent research.

The roads from Glasgow stretch out in front of us

COP26 has had many critiques and Roger Urwin's review, in this article, gives it just over half marks. The phrase ‘good COP, bad COP’ summarises it well and how to view it depends on framing and context.

Why engagement fails: APG and South Korea’s KEPCO

APG's Yoo Kyung Park offers insights into the challenges of engaging with state-owned monopolies and why APG finally threw in the towel with South Korea's KEPCO.

ATP pushes green bond due diligence to counter greenwashing

Danish pension fund, the DKK 925 billion ($140 billion) ATP, is protecting against greenwashing in its growing allocation to green bonds with a variety of in-house screening processes.

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