APG opts for status quo in allocations

Conservatism will reign in the Netherlands in 2011
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LPPI: Keeping AI risk in check

LPPI: Keeping AI risk in check

As the risk of an AI bubble grows, LPPI's Richard Tomlinson reflects on how the LGPS pool manages and measures AI exposure. In an interview with Top1000funds.com, he also explains how he has been moulding the fund's investment structure to be fit for a post-LGPS reform future.

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ART homes in on balance sheet management as Australian system enters new liquidity era

The A$370 billion ($258 billion) Australian Retirement Trust has been homing in on efficient usage of derivatives for exposure and liquidity management and alpha generation, as chief investment officer Ian Patrick says integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the Australian superannuation industry.

COAERS finds rich pickings in PE secondaries; warns of retail risk

The exit drought and extended holding periods in private equity is causing mounting pain for many LPs. But for Austin-based COAERS, it is providing ample market to pick up bargains in the secondary market. Sarah Rundell spoke to CIO David Kushner.

Beyond asset classes: Active credit becomes the test case for Florida’s portfolio evolution

Florida State Board of Administration has built an active credit portfolio spanning public and private markets, CIO Lamar Taylor says the initiative could be the first step in a broader shift away from traditional asset-class investing towards a framework centred on return drivers and risk exposures.

Aware Super maps AI exposure as it sharpens whole-of-portfolio risk focus

Australia’s third-largest pension fund Aware Super is taking stock of its investment exposure to AI and the initial analysis suggests at least 15 per cent of the fund’s assets are exposed to the thematic. In a project deep dive, head of investment strategy Michael Winchester says finding the portfolio's true concentration around AI will require looking beyond simple dollar aggregation.

Japan University Fund doubles alternatives book as direct fund investing ramps up

The $75 billion Japan University Fund is furthering its push to direct fund selection in alternatives alongside the fund-of-funds approach it has favoured so far. Naoya Sugimoto, co-CIO and head of global investment, says it’s a “natural direction” in the fund’s journey as the young endowment looks to take more control of the manager selection process.

Silver is the new gold: France’s UMR targets opportunities in ageing economy

French pension organisation UMR has launched a multi-asset thematic program that will target opportunities in Europe’s ageing economy. It’s part of a broader strategy to increase diversification in private markets where it sees secondary markets as an increasingly important tool.