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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Border to Coast: The problems with UK private equity

A new report published by the Border to Coast argues private equity fees and a lack of high-quality, UK-focused fund managers targeting the scale-up sector is impeding UK pension funds’ ability to invest in private equity.

Behind China’s ‘nation team’: The sovereign investors holding up the market

As aggressive US “Liberation Day” tariffs weighed on China’s stock market, Beijing rallied its most reliable financial market troops to stop its domestic equities from nosediving. This is the “national team”, a term loosely used to refer to government-affiliated funds including SWFs and state investment arms.

Malaysia’s Khazanah ramps up developed market bets

Malaysia's $34 billion Khazanah Nasional has been increasing its public and private equity exposure to developed markets for the past eight years. CIO Hisham Hamdan chats about the journey and the pivot away from the fund's traditionally emerging markets focus.

More funds consider TPA despite challenges

In January 2020, Roger Urwin laid down a call to action for asset owners and corporations to use the decade to drive greater wellbeing and wealth in the lives of their stakeholders. Now halfway through the decade, he reviews the state of play in this complicated picture.

LGPS Strathclyde invests more in impact; boasts highest funded level ever

LGPS Strathclyde, the £31 billion ($41 billion) pension fund for public sector employees in the Glasgow area is planning to increase its impact allocation to 7.5 per cent, after also celebrating its highest funded level ever.

Stable value at TRS proves ballast in extraordinary times

Texas Teacher Retirement System, the $211.6 billion Austin-based pension fund, has an asset allocation that is built to withstand the “extraordinary times” and adverse climate investors face today. The fund's 21 per cent allocation to stable value to stand the test of recession has proven most robust.

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