Irish fund “turned on its head”

Institutional investors across the planet are squa
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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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Low risk start for Ireland’s new sovereign funds, but more to come

Long-term strategies for Ireland’s new SWFs, expected to grow to €100 billion by 2035, will be designed and allocated in the next nine months including the appointment of an investment committee and custodian. For now it will invest in low-risk allocations to high credit quality Euro-area sovereign and quasi-sovereign bonds.

How an iterative strategy shapes success at Baylor university endowment

David Morehead, chief investment officer of Baylor University endowment in Texas explains why he's concerned about too much diversification and why the rewards of interest rate cuts will be most keenly felt in small cap equities.

PUBLICA builds alternatives through partnerships

In the latest development of its private market portfolio, Swiss pension fund PUBLICA is investing in infrastructure equity in a partnership with three other Swiss pension funds and Dutch pension investor APG.

Divestment and impact: Detailhandel pioneers participant engagement

Dutch fund Detailhandel takes participant engagement to a new level as it begins to integrate feedback and preferences from a three day beneficiary forum into investment strategy.

UTIMCO telegraphs opportunities in small caps ahead

Small caps have lagged returns in the S&P500 and stand to benefit most from rate cuts because of floating rate debt. It's why UTIMCO's chief Rich Hall forecasts investors opportunities ahead.

Texas Teachers marks highest ever quarterly return

Texas Teachers records the highest quarterly return in its 85-year history – 333 basis points of alpha – with US and Indian equities fuelling the excess return. The fund has made a number of recent changes to the portfolio including removing China and reducing allocations to private equity.

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