LGPS Central doubles in size; looks to add more alternatives

Jayne Atkinson

In a rare interview, Jayne Atkinson, chief investm
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Inside the year-and-a-half-long review into ATP’s complicated portfolio

Inside the year-and-a-half-long review into ATP’s complicated portfolio

Danish pension giant Arbejdsmarkedets Tillægspension (ATP) has been urged to cull risk, establish formal portfolio benchmarks and reduce private markets exposures, according to an external review committee which handed down a 536-page report into the fund’s investment operations after an 18-month review. Following the release of the report by the board this week, co-author of the review Andrew Ang unpacks the findings with Top1000funds.com.

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Penn PSERS trims leverage, adds fixed income and hones in on fees

The $71.9 billion Pennsylvania Public School Employees' Retirement System has reduced net leverage, added fixed income and continues to shave costs off its external investment management fees, mostly by reducing private allocations. The trimming and shifting of the portfolio is part of an adjusted SAA responding to ongoing market changes.

PPF throws hat in the ring to manage DB pension assets for growth

The United Kingdom’s £32 billion Pension Protection Fund (PPF) is marketing its credentials to act as consolidator for the country’s thousands of  DB corporate retirement funds.

San Francisco’s Alison Romano makes her mark

Over a year into her role as executive director and CIO at SFERS Alison Romano gives the low down on how she approached her new role, how she is reviewing the absolute return allocation and how leadership involves more listening and asking questions than speaking.

NBIM: Listed and private real estate is all the same in the long run

The differentiating characteristics of unlisted and listed real estate diminish over time according to new research by Norges Bank Investment Management, supporting the sovereign wealth funds’ unique combined strategy for real estate that sees both private and listed sit in the same team.

CalSTRS looks at big picture with total portfolio function

The $315 billion CalSTRS is looking to build a top-down portfolio function to better incorporate liquidity management alongside portfolio construction and to consider how it can better deal with often lumpy cashflows to maximise returns, while continuing to keep a tight rein on risk.

India’s NIIF: A poster child for development finance

Sujoy Bose played a central role in setting up India's celebrated sovereign development fund, the National Investment and Infrastructure Fund. He explains how NIFF's governance combines a perfect combination of sovereign comfort for investors seeking Indian exposure alongside the discipline and freedom to hunt returns.

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