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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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New Jersey flags hedge fund benefits in volatile times

New Jersey Investment Division has found shelter in its hedge funds allocation during recent market turmoil. But the investment division's challenges are underscored by a recent report placing it in the bottom 10 state-wide plans for funded ratio - and holding onto a higher than average ARR.

AP1: In these markets, fortune favours the bold

Formulating strong views and daring to act on them have been critical success factors for Sweden's buffer fund AP1. And they will remain so going forward says CEO Kristin Magnusson Bernard.

The benefits of external investments: UK’s pooled fund backs outsourcing

Other LGPS pools in the UK have appointed CIOs, risk officers and internal teams but the £56 billion ACCESS pool has outsourced all aspects of investments and will remain externally managed. It's now looking for managers as it  pools illiquid assets in private equity, private debt, infrastructure and real estate.

New York State Common’s CIO on Russia, PE and diversity

Investments at New York State Common Retirement Fund, one of the largest pension funds in the US that also boasts a near fully-funded status is run by Anastasia Titarchuk. In an interview with Top1000funds.com she shares her investment outlook, thoughts on private equity and the importance of diversity.

CDPQ’s infrastructure portfolio forges ahead with bet on Middle East growth

CDPQ’s large and growing infrastructure portfolio deliberately hunts large, direct investments in new geographies where returns come from generating growth in the underlying companies. Top1000funds.com talks to Emmanuel Jaclot, executive vice-president, and head of infrastructure in an interview from CDPQ’s Montreal headquarters.

Temasek drops exposure to China on pandemic and property headwinds

Singapore's Temasek pares back on China in favour of local assets as pandemic restrictions bite. Temasek has been investing in China for 20 years and for the last decade it has been its best performing market, but CIO Rohit Sipahimalani thinks China may face challenges achieving its 2022 growth target.

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