Finding wriggle room in North Dakota

The monthly income pouring into the $1.3-billion N
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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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Two-portfolio balancing act

Compenswiss moves assets between two portfolios and has an increasing focus on real estate. It’s all an effort to seek returns while keeping risks down and meeting mandates for liquidity

NZ Super pares back tilts

New Zealand Super has pulled back its strategic tilting positions for the first time. The fund now sees better opportunities for active risk in unlisted assets such as timber and distressed debt.

Calm under fire; REST’s Brendan Casey

As adept at giving orders as taking them, REST's Brendan Casey juggles his dual careers in military and investment operations with aplomb.

Hedge funds pruned again

The $12.5 billion School Employees Retirement System of Ohio plans to cut its hedge fund allocation, which struggled last year. However, CIO Farouki Majeed says the asset class is bouncing back.

Coal pension burns for cash flow

Coal Pension Trustees Services includes a sizeable allocation to equities and is making a move into illiquid sectors such as shipping assets – ‘floating property’ – to generate cash flow.

A leader inside and out

UniSuper CIO John Pearce has put together an internal team that consistently delivers top-ranked returns. Here, he discusses his investment philosophy and reveals a dominant theme for 2017.

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