Alternative benchmarks attractive for Strathclyde

For many trustees, fundamental indexing is still t
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TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

Transport for London Pension Fund styled a bespoke benchmark to gold in its Pure Alpha mandate with Bridgewater. It has added hundreds of millions of pounds to the portfolio, says chief investment officer Padmesh Shukla. In a wide-ranging conversation, he also explains the rationale for reducing equity to just 18 per cent of the total fund and why emerging markets aren't offering the diversification or returns they used to.

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Centrica builds in capital preservation

The $11.2 billion UK-based pension fund has made bold moves into frontier markets and active strategies but is more interested these days in defensive strategies, as it prepares for a downturn.

AustralianSuper on shaping ownership

Jim Craig is chair of the investment committee for the $76 billion AustralianSuper. He talks to Amanda White about aligning principles and strategy for Australia’s largest superannuation fund.

Sweden’s AP2 takes bigger bites of China

The European pension fund has been increasing allocations to China A-shares and to Chinese bonds. The fund is managed primarily in-house and has crafted bespoke indices for ESG integration.

Railpen: good partners add skills

When the $37 billion pension fund embarked on a joint venture with the Alaska Permanent Fund and Kuwait's Public Institution for Social Security, it learned the value of complementary partnership

Textron seeds new products for edge

The $10 billion Textron pension fund lowers fees and increases its influence by backing new product designs with capital. CIO Charles Van Vleet embraces active and some blasts from the past.

Railpen reaps benefits of in-house team

Adding nearly two dozen staff and boosting its expertise in order to manage its property and equity assets has paid off in savings – and more importantly control – for the UK’s RPMI Railpen.

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