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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West Midlands welcomes pooling

West Midlands is benefitting from savings through boosting in-house management, and is keen to build its allocation to infrastructure. It welcomes the prospect of wider resources and economies of scale from pooling with other local authority schemes.

Alaska’s ongoing internal push

Alaska Permanent Fund will focus on smart beta strategies as it seeks to further increase in-house management. It will also develop income-generating strategies away from traditional fixed income, leveraging its size and infinite investment horizon in competing for US infrastructure and real estate assets.

Oregon’s evolving strategy

Oregon State Treasury has undergone material change to its structure and process evolving its investment strategy and techniques including smart beta, private equity and internal management.

PFA poised for alternatives assault

Alternatives the focus for Danish fund PFA, under the guidance of Henrik Nohr Poulsen who joins from Industriens Pension.

SPP moves in as banks move out

Sweden’s SPP Livförsäkring is shifting its allocation in favour of more illiquid assets, and alternative risk premia, to escape enduring low interest rates.

Rising from the ashes

Ireland's Strategic Investment Fund will play to its strengths in evolving a strategy to invest a further €5.6 billion across the capital structure and for the long term.

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