How a sovereign fund decided to take the road less travelled

New Zealand's sovereign wealth fund made a big bra
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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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Behind Mass PRIM’s hedge fund portfolio

The US$60 billion Mass PRIM has recalibrated its hedge fund portfolio moving from fund of funds to direct relationships, reducing fees, and using managed accounts. So what’s next?

German fund ÄVWL’s anti-cyclical ethos

Long-term investment in real estate, infrastructure and asset based lending, including financing ships and aircraft where traditional bank backers have fled, make up the German fund’s strategy.

Maryland manager roster ready for change

Maryland is focused on improving its under-performing absolute return portfolio, reducing the number of managers and looking to new asset classes, including emerging markets and technology.

Chile’s AFP Habitat’s adventurous course

As the Chilean government tries to settle on a new pension system to replace the one set up by dictator, Augusto Pinochet, AFP Habitat remains set on its own daring path.

AP3 explores equities and alternatives

AP3 looks to diversify its equity risk through an increase in alternatives. This story explores the evolution of the allocations and how it's tackling illiquidity and volatility.

Finnish fund just getting started

Created two years ago when two of Finland’s largest pension funds merged, the country’s “new kid on the block,” Elo, is building its in-house capabilities.

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