Ford Foundation seeks social returns

The Ford Foundation Portraits Sessions

In the largest investment a private foundation has
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LPPI: Keeping AI risk in check

LPPI: Keeping AI risk in check

As the risk of an AI bubble grows, LPPI's Richard Tomlinson reflects on how the LGPS pool manages and measures AI exposure. In an interview with Top1000funds.com, he also explains how he has been moulding the fund's investment structure to be fit for a post-LGPS reform future.

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University of California: Less is more and simple is better in investing

Jagdeep Singh Bachher, the CIO who oversees the University of California's $198 billion in pension and endowment assets, says that he wants to keep investment simple as the fund removed its hedge fund allocation completely, conceding "it’s not one of the things we are good at doing".

NBIM eyes Asia’s growth as global capital shifts east 

The $1.8 trillion Norges Bank Investment Management marks the 15th anniversary of its Singapore office this year, with the unit now firmly established as its Asia-Pacific stronghold. As regional growth set to continue in the coming decade, NBIM is well-positioned to capitalise on it, says Singapore head Sumer Dewan.

CalPERS finds continuity in climate of uncertainty

Investors are grappling with a multi-regime change that is manifesting in trade and geopolitical upheaval and a rise in real interest rates. But at a recent meeting, the CalPERS board heard that US equities remain top performers and the dollar, though weaker, is still historically strong and wil remain so.

Finland’s Ilmarinen prepares to increase risk ahead of new pension rules

Ilmarinen, Finland’s €63 billion ($73 billion) pension insurer, is laying the ground to significantly increase its equity allocation ahead of new pension rules in the country. CIO Mikko Mursula is preparing for a sharp increase in volatility of annual returns and the enhanced role and importance of diversifying the portfolio.

North Carolina TSERS: Taxpayers deserve better in governance overhaul too

Ditching the sole trustee for a five-person board will help bring North Carolina’s pension funds out of enduringly weak performance by encouraging risk taking, says treasurer Brad Briner, whose experience includes managing Mike Bloomberg’s money. Sarah Rundell spoke to the treasurer about the new governance and investment overhaul.

Japan University Fund expands active allocation guided by risk factors

The $77 billion Japan University Fund is stepping up active strategies and introducing country-specific passive allocations as the young endowment, established only in 2022, builds out the policy portfolio. Co-CIO and the head of global investment department Naoya Sugimoto speaks about JUF's vision and manager expectations.

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