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The holy grail in the £8 billion ($11.1 billion)
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ART property boss: Investors were wrong to think real estate was easy

ART property boss: Investors were wrong to think real estate was easy

Australian Retirement Trust real estate head Mark Lee says the COVID downturn exposed that treating real estate as an easy asset class was a crucial mistake from investors, and property is not just a “bond replacement with a slightly higher yield”. As the A$20 billion portfolio prepares to double in five years, Lee says future returns will depend increasingly on investors’ ability to “sweat the assets”.

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Textron seeds new products for edge

The $10 billion Textron pension fund lowers fees and increases its influence by backing new product designs with capital. CIO Charles Van Vleet embraces active and some blasts from the past.

Railpen reaps benefits of in-house team

Adding nearly two dozen staff and boosting its expertise in order to manage its property and equity assets has paid off in savings – and more importantly control – for the UK’s RPMI Railpen.

Australia’s VFMC goes whole-of-portfolio

CIO of the A$60.4 billion ($46 billion) Victorian Funds Management Corporation, Russell Clarke, discusses adopting centralised portfolio management as part of a quest for continuous improvement.

CalPERS seeks ideal pay formula

The $350 billion CalPERS is under time pressure to find the right formula on compensation - competitive but not an incentive for excessive risk - as key investment roles remain vacant.

Australia’s QIC gets real about risk

As the era of double-digit returns winds down, Jim Christensen, head of the $65 billion Queensland Government-owned firm, is having the hard conversations with clients about expectations.

OPTrust ready to jump on bonds

Staying fully funded is priority for the C$20 billion OPTrust, reflected in everything from the name of its annual report to its scaling down of equities, to manoeuvring for high-yield debt.

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