Denmark’s ATP defends risk parity despite worst loss ever

Denmark’s largest pension fund, the DKK 732.6 bi
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TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

Transport for London Pension Fund styled a bespoke benchmark to gold in its Pure Alpha mandate with Bridgewater. It has added hundreds of millions of pounds to the portfolio, says chief investment officer Padmesh Shukla. In a wide-ranging conversation, he also explains the rationale for reducing equity to just 18 per cent of the total fund and why emerging markets aren't offering the diversification or returns they used to.

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Future Fund flags expansion of active equity program

Emerging markets, Europe and Japan are all in focus for Australia’s sovereign wealth fund as it looks to ramp up active equities and diversify its exposures, as the fund grows wary of US markets amidst heightened political uncertainty.

Litigation, fees and structures: Why 401(k) plans won’t jump into alts, yet

President Trump has fired the starting gun on encouraging America's 401(k) plans to invest in private assets but corporate plans remain concerned about fees, structures and litigation. Meanwhile many DB funds are voicing their concerns about how it might impact access to investments, alpha, and change the asset class.

OMERS flags end to supercharged private equity returns

OMERS has warned that investors need to temper their expectations regarding the performance of more recent private equity vintages, as the favourable environment of high valuation multiples and low interest rates that spurred over a decade of superior returns begins to fade, said APAC head Ashish Goyal in Singapore.

The efficiency trap

Will the relentless pursuit of efficiency undermine our ability to build a resilient and sustainable future? Andrea Caloisi, a researcher at the Thinking Ahead Institute at WTW, explores how complex systems, driven by short-term optimisation, may be fuelling long-term fragility.

PFZW’s IC chair explains why cutting equity names hones impact

Professor Dirk Schoenmaker, investment committee chair of the €250 billion ($291 billion) Dutch healthcare pension fund Pensioenfonds Zorg en Welzijn (PFZW), whose expertise has helped inform its "3D" investment strategy, explains why less is more in an equity allocation with fewer stocks.

CPP hires former AIMCo Singapore head to bolster TPA 

After hiring former CalPERS' investment chief Ben Meng six months ago, Canadian pension giant CPP Investments has added another seasoned pension executive, Kevin Bong, to its investment team, in a sign that the C$732 billion ($530 billion) behemoth is staffing up to focus on alpha and enhance total portfolio management.

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