A step in the right direction: investment pooling for UK local authority funds

The London Pension Fund Authority (LPFA) and the L
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ART property boss: Investors were wrong to think real estate was easy

ART property boss: Investors were wrong to think real estate was easy

Australian Retirement Trust real estate head Mark Lee says the COVID downturn exposed that treating real estate as an easy asset class was a crucial mistake from investors, and property is not just a “bond replacement with a slightly higher yield”. As the A$20 billion portfolio prepares to double in five years, Lee says future returns will depend increasingly on investors’ ability to “sweat the assets”.

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Alaska grows wary of private equity

Alaska's CIO Marcus Frampton explains why he's keen to pare back private equity. Writing smaller cheques comes with consequences but he'd rather get the right portfolio exposures ahead. Absolute return and RE become a focus.

Denmark’s AkademikerPension takes on the banks financing fossil fuels

Engagement by Denmark’s AkademikerPension forced Dankse Bank to rethink financing fossil fuels. CIO Anders Schelde believes this represents a new frontier in institutional investor pressure on the fossil fuel industry that will work because financing oil and gas is not a core business for banks.

CalSTRS positions for the future with new investment team structure

CalSTRS has restructured the investment team with an eye on its future growth and the best people to achieve its mission. This includes examining the complexity of the portfolio and the skills required to manage it effectively in the future. Amanda White spoke to deputy CIO, Scott Chan.

LACERA: Why rebalancing is asset allocation’s best friend

Rebalancing back to asset class strategic ranges after a market rise or fall is one of the most vital seams of strategy at the $70.1 billion LACERA. It ensures the investment team remain consistent with investment policy statements, don’t try and time the market and avoid behavioural biases according to CIO Jonathan Grabel who calls is “the best long-term strategy we have”.

Tough choices for PE investors in 2023: MassPRIM battens down

2022 was one of the most challenging years for private equity investment for years. Successful investment in today's volatile and challenging market involves vintage year diversification and steady pacing. And the MassPRIM investment team warns that aggregate headline US private equity valuations doesn’t tell the whole story.

The challenge of asset owners top-down bottom-up alignment with managers

For pension funds with a large roster of external managers, balancing the integration of top-down strategy with managers’ bottom-up implementation is one of the most challenging tasks says Mark Walker, CIO of Coal Pension. The key is to ensure external managers truly understand the strategic goals for the allocation.

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