LPPI: Keeping AI risk in check

Richard Tomlinson

As investor unease increases with the growth
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TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

TfL Pension Fund: A bespoke benchmark in Bridgewater mandate strikes gold

Transport for London Pension Fund styled a bespoke benchmark to gold in its Pure Alpha mandate with Bridgewater. It has added hundreds of millions of pounds to the portfolio, says chief investment officer Padmesh Shukla. In a wide-ranging conversation, he also explains the rationale for reducing equity to just 18 per cent of the total fund and why emerging markets aren't offering the diversification or returns they used to.

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PERA renames asset buckets

The Public Employees Retirement Association of New Mexico, is re-calibrating its asset allocation and re-adjusting private equity.

New York’s actions louder than words

Low emissions index is crucial to New York Common’s ongoing commitment to environmental, social and governance considerations. Amanda White spoke to chief investment officer, Vicki Fuller.

Santander focuses on rewarded risk

Santander pension fund head, Antony Barker, says there's a “curiously limited” appetite for change and innovation in the sector, with behaviour limited by consultant and manager vested interests.

AIMCo’s evolving hedge fund strategy

AIMCo combines an internally run portable alpha strategy – with a global alpha pool allocated across beta exposures – with a portfolio of high-conviction specialised external hedge funds.

UTC benefits from LDI, portable alpha

UTC pension fund is reaping the benefits of diversity and risk management introduced to the portfolio 10 years ago, including sophisticated LDI, risk parity and portable alpha strategies.

Alecta keeps costs low, strategy simple

On the eve of its centenary, Alecta’s head of investment management reflects on the low-cost, Sweden-centric, active in-house strategy which has kept the pension provider on top of its game.

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