CalPERS’ board mulls CIO hunt ahead

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Inside the year-and-a-half-long review into ATP’s complicated portfolio

Inside the year-and-a-half-long review into ATP’s complicated portfolio

Danish pension giant Arbejdsmarkedets Tillægspension (ATP) has been urged to cull risk, establish formal portfolio benchmarks and reduce private markets exposures, according to an external review committee which handed down a 536-page report into the fund’s investment operations after an 18-month review. Following the release of the report by the board this week, co-author of the review Andrew Ang unpacks the findings with Top1000funds.com.

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Switzerland’s rail fund SBB takes on more risk

Convinced higher interest rates signpost higher anticipated returns ahead, Pensionskasse SBB, the Bern-based pension fund for employees of Switzerland’s state-owned railway company, will increase its equity allocation including private equity. It plans to add managers in both public and private equity.

How Railpen keeps illiquid asset allocation on track

New research on private markets at Railpen has produced a framework that focuses on scenario planning and the uncertainty inherent in illiquid investments taking account of “portfolio steerability”, allocation drift and the impact on short-term liquidity management resulting in a more dynamic approach.

South Africa’s GEPF mulls proposed liquidity pressures

South Africa's pension funds may have to keep much more liquidity on hand if proposed legislation allows beneficiaries to access their retirement savings early. South Africa's GEPF ponders the implications for long-term investment.

Cashflows and risk management drive PSP Investments

The risk of a deficit is a key driver in the management of PSP Investments as it looks to build resilience and cashflows in its portfolio. Amanda White spoke to CIO Eduard van Gelderen.

BT Pension offers innovative solutions for UK funds battling value leakage

The BT Pension Scheme has rebranded as Brightwell to offer its asset management expertise to the UK's DB funds. Morten Nilsson argues the case for ditching a complex landscape of advisory and asset management services and the buyout model for Brightwell's holistic offering.

AP7 shifts gears as boosted alternatives allocation comes to life

Sweden’s SEK 900 billion ($84 billion) AP7 can finally invest up to 20 per cent of its assets in alternative, illiquid investments. A new allocation to infrastructure and targets to double private equity are in the offing following the fund dipping a first toe in real estate.

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