M&S fund: a template for de-risking

Sarah Rundell

August 09, 2013

Save Article

Deficit and underfunding at the £6.7-billion ($10

Continue Reading

A Top1000funds.com subscription unlocks the full article

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).

Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.

Asset owners get permanent complimentary access. Learn more about memberships

benchmark-agnostic fixed-income absolute-return strategies, Brian Kilpatrick, closed defined benefit scheme, De-risking trades, deficit, defined benefit pension scheme of UK retailer Marks and Spencer, diversified fixed income allocation, emerging market debt, emerging market infrastructure, funding-level triggers, global credit portfolio, global sovereign exposure, investment strategy, liability matching strategy, liability-driven investment (LDI) strategy, low-risk public-finance initiative assets, Marks and Spencer Pension Trust Investments, material exposure to gilts, National Association of Pension Funds, property portfolio, shrink its equity allocation and boost its fixed income portfolio, Sterling corporate bonds, template for de-risking, UK corporate pension schemes, UK retailer Marks and Spencer

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Darcy Song

August 20, 2026

Lesson learned: How allocators can turn investment experience into a value-creation edge

Darcy Song

August 20, 2026

An announcement from the editor

Amanda White

August 19, 2026

LPPI: Keeping AI risk in check

Sarah Rundell

August 18, 2026

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

Darcy Song

August 20, 2026

Investor Profile

LPPI: Keeping AI risk in check

Sarah Rundell

August 18, 2026

Investor Profile

Why ACC investment chief believes CIOs should stay hands-on with portfolios

Darcy Song

August 18, 2026

Asset Classes

Texas ERS reallocates to managers to help navigate concentrated equity market

Sarah Rundell

August 10, 2026

Investor Profile

Border to Coast hunts strategic partners as private markets set to surge

Sarah Rundell

August 06, 2026

Sort content by

Investor Profile

Looking for the exit: Oregon battles overweight allocations to illiquids

Oregon Investment Council’s exposure to private markets has been a great source of excess returns over the years, but today the overweight allocation to illiquid markets is a growing concern with ramifications for liquidity particularly.

Sarah Rundell

May 08, 2024

Investor Profile

Robert Wallace talks strategy, execution and governance at Stanford

Stanford endowment's CEO Robert Wallace explains the three pillars of his approach to investment: strategy, execution and governance. He was speaking at Norway's NBIM annual investment conference.

Sarah Rundell

May 01, 2024

Investor Profile

South Africa’s GEPF prepares the ground for a two pot system

South Africa’s $119 billion Government Employee Pension Fund is in the process of readying its investment processes for a new law that will allow people to draw down some of their retirement income early.

Sarah Rundell

April 24, 2024

Investor Profile

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.

Sarah Rundell

April 23, 2024

Investor Profile

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.

Sarah Rundell

April 23, 2024

Investor Profile

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.

Amanda White

April 18, 2024

Previous Next

Login with account details

M&S fund: a template for de-risking

Continue Reading

A Top1000funds.com subscription unlocks the full article

Create an account

Sign in

Leave a Comment Cancel reply

More from this fund

Sort content by

Fiduciary Investors Podcast Series

Subscribe now to

Become a member and subscribe