Inside the Future Fund’s investment decisions

The $91 billion Australian Future Fund’s approac
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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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Dutch fund tackles the cost and time of shifting to DC

The clock is ticking for Dutch fund PWRI to transition to a new DC scheme in line with pension reform. Imke Hollander explains why the pension fund is unlikely to invest more in risk assets and flags mounting costs in the transition, particularly in fees paid to advisors.

LACERA adds downside protection as equity markets look unsustainable

The $77 billion LACERA has positioned for the downside, launching a new asset allocation that pivots towards diversification and downside risk, adding to hedge funds and investment grade bonds. Top1000funds.com talks to CIO, Jonathan Grabel.

Giants APG and GPIF collaborate on infra

Two of the biggest pension funds in the world, the Dutch APG and Japan’s GPIF, have joined forces to invest in large scale infrastructure deals. The move comes as APG Asia head Thijs Aaten says he envisages more than half of the fund’s real assets will be in Asia.

CalSTRS’ sustainability strategy: Net zero and investing in opportunities

CalSTRS’ net zero strategy has provided a new level of focus and anchor for the 220-person investment team. Kirsty Jenkinson, investment director for the sustainable investment and stewardship strategies at the fund, explains its evolution including integrating climate scenarios into its asset liability modelling study.

Denmark’s PenSam introduces new climate index to solve tech tilt

A new climate index at Danish investor PenSam aims to solve the overweight to tech stocks, a common problem for sustainable investors give the sector is low emitting and solving many of the challenges of climate change.

TfL explains why hedge funds provide essential diversification

Padmesh Shukla, chief investment officer of the £14 billion Transport for London Pension Fund explains why he believes hedge funds are a crucial element to a diversified portfolio.

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