AP3 explores equities and alternatives

Listed equities and alternatives remain the strong
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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

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South Dakota pension’s long view

At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.

Ericsson picking stocks again

In a move that differentiates it from the herd, the fund for employees of Ericsson, has added active long-only managers for a concentrated equities portfolio of 30-50 shares, shunning passive.

Hedge funds pruned again

The $12.5 billion School Employees Retirement System of Ohio plans to cut its hedge fund allocation, which struggled last year. However, CIO Farouki Majeed says the asset class is bouncing back.

Post-Brexit uncertainty reigns

‘Selective optimism’ in UK real estate, infrastructure and other assets characterises investors across Europe as they scramble to tell the genuine opportunities from fool’s gold following Brexit.

MSCI shines light in tax gap

MSCI ESG Research has seen growing demand from institutional investors for data on tax-related risk. In response, it has added data such as geographic revenue transparency to its ratings.

Equity portfolios’ tell-tale turnover

Turnover in a portfolio reflects the extent of a manager’s long-term focus. A new report finds most equity managers replace their shares at a rate more than twice what’s thought of as ideal.

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