AP3 gets dynamic about risk

Just days before the Swedish AP3 releases its annu
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Asset Owner:AP Fonden 3 (AP3)

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CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

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Simplicity rules in South Carolina AA

Executives at the South Carolina Retirement System pulled off a previously unimaginable task in 2020, conducting a complete review of the fund’s asset allocation, simplifying its portfolio, negotiating with suppliers, and gaining approval from the commission, all while working entirely remotely. Amanda White speaks to executive director Michael Hitchcock about the new portfolio and the process of getting there.

Concern about hidden inflation risk: AP4

Driven by active return, AP4 produced a stellar 9.6 per cent in 2020. But its chief executive, Niklas Ekvall remains cautious about the economic outlook and its impact on the portfolio, especially with regard to inflation.

NBIM prepares to up voting transparency

The world’s largest sovereign wealth fund says that voting is one of the most important tools to safeguard the fund's assets. Ahead of the AGM season getting underway, NBIM - which is the largest single owner of global stock markets - plans to publish its voting decisions five days ahead of corporate meetings in a bid to increase transparency.

Old Mutual SuperFund on COVID and ESG

Hugh Hacking from South Africa's Old Mutual SuperFund refects on the impact of the pandemic on the fund and the importance of ESG integration in its externally managed portfolio.

BpfBOUW: The importance of hedge funds

Hedge funds are getting a bad press again, but for Dutch fund BpfBOUW the latest skirmish simply underscores their importance in a portfolio as Erik Hulshof, trustee and chair of the investment committee explains.

CalSTRS takes on ExxonMobil

The $255 billion Californian pension fund, CalSTRS, has embarked on a new era of “activist stewardship” which will see it take on large companies such as Exxon Mobil which have not responded to shareholder engagement.

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