Missouri PSRS/PEERS develops cost cutting private markets strategy

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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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IMCO reconsiders US exposure as geopolitical landscape shifts

The Investment Management Company of Ontario is re-evaluating its US exposure amid concerns over the ongoing trade war and growing US debt and deficits. In an interview with Top1000funds.com, CIO Rossitsa Stoyanova outlines how the fund continues to internalise with a focus on private assets.

Alpha at North Dakota: Tracking error key to portfolio construction

The $8 billion North Dakota Department of Trust Lands is rolling out a core-satellite approach to portfolio construction in a bid to control tracking errors. But CIO Frank Mihail explains that in some asset classes like infrastructure, the process is more complicated.

How NBIM spots portfolio managers’ biases using AI

Norges Bank Investment Management is using an internally developed engine powered by AI to monitor and measure its portfolio managers’ skills, aiming to improve efficiency of trades and decision making, and save costs. Head of Singapore and co-head of equity trading Sumer Dewan gives a run-down of the program.

Future Fund to internalise some local real assets amid US uncertainty

Australia’s sovereign wealth fund says managing FX in its portfolio is becoming more challenging as the dominant role of the US in the global order is redefined. Meanwhile, it’s also bringing management of Australian infrastructure and property in-house as part of a focus on domestic real asset exposures.

Canada’s CAAT pension fund ups real assets

The $23 billion Toronto-based Colleges of Applied Arts and Technology Pension Fund (CAAT) is increasing its allocation to real assets in line with a new asset liability study completed last year, finding rich pickings in Canadian transition infrastructure.

Why NYC Retirement Systems fears for emerging managers

NYC Retirement Systems' expanding diverse and emerging manager program is supporting returns but Taffie Ayodele, director of DEI and emerging manager strategy at the pension fund's asset manager, the Bureau of Asset Management, fears the number of diverse founders spinning out in the future could be diminished.

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