Under-priced climate risk plagues pension portfolios

Climate risk remains systematically under-priced,
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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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AP3: TAA and why the market, not the media, is right about the US recovery

AP3 chief investment officer Jonas Thulin shows how AP3 has benefited from tactical asset allocation. He also argued that although the media is still reporting concerns about the US economy, the market is painting a healthier picture.

Real assets, public equity the key as Oregon PERS gets climate mandate

The US state of Oregon is on the cusp of passing a legislation that will require the $100 billion Oregon Public Employees Retirement System to invest in clean energy wherever possible as it aims for a net-zero portfolio by 2050.

Mega pools: Brunel and ACCESS become casualties in ongoing LGPS shake-up

Brunel Pension Partnership, renowned for its leadership in sustainable investment, and ACCESS have been told to merge with other LGPS pools in the latest step on the UK government's quest to create mega pools and boost investment in so-called productive assets.

Future Fund to internalise some local real assets amid US uncertainty

Australia’s sovereign wealth fund says managing FX in its portfolio is becoming more challenging as the dominant role of the US in the global order is redefined. Meanwhile, it’s also bringing management of Australian infrastructure and property in-house as part of a focus on domestic real asset exposures.

WSIB edges towards standalone private credit, eyeing best GPs

Unlike many other US institutional investors, Washington State Investment Board has not built out a large private credit allocation. This autumn the board will decide on the size and shape of a standalone allocation in which partnering with top quartile GPs will be essential.

Canada’s CAAT pension fund ups real assets

The $23 billion Toronto-based Colleges of Applied Arts and Technology Pension Fund (CAAT) is increasing its allocation to real assets in line with a new asset liability study completed last year, finding rich pickings in Canadian transition infrastructure.

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