Investor Profile
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.
Sort content by
Roger Gray reflects on his time at USS
In what will be exactly a decade leading and transforming the Universities Superannuation Scheme investment office, Roger Gray will step down in September. Amanda White spoke to him about investments, governance, the self-possession needed to thrive in funds management, and what’s next.
UK mega fund slashes managers
In line with its strategy to reduce costs, while maintaining returns, one of the UK’s new mega funds, the £45 billion LGPS Central will reduce the number of managers it uses from 250 to 50.
Why small is beautiful at Illinois’ IMRF
The $42 billion Illinois Municipal Retirement Fund is dedicated to investing in emerging managers with a commitment of 22 per cent of its total portfolio. The relationship with minority and women-owned managers is mutually beneficial. Sarah Rundell talks to head of the IMRF emerging managers program and the co-chief investment officer of equities at one of its managers, Piedmont.
Illinois’s innovative first
Illinois State Treasury is planning a new $700 million allocation to student loans in the first investment of its kind for any US state treasury. The $32 billion state treasury has never been scared to innovate.
USS invests in EM linkers
The £65 billion Universities Superannuation Scheme is investing in inflation-linked emerging market bonds to profit from developing economies higher bonds yields and levels of inflation.
Iceland’s LSR prepares to invest abroad
Iceland’s ISK900 billion ($7.5 billion) Lífeyrissjóður Starfsmanna Ríkisins (LSR), the Pension Fund for State Employees and the Pension Fund for Nurses is poised to invest more overseas as capital controls introduced in the wake of Iceland’s 2008 banking crisis finally ease.
Leave a Comment
You must be logged in to post a comment.
Login