Norway’s GPFG enters the property game

Last May, when Norway’s Government Pension Fund
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CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

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.

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Why Lothian is ready to lead on LGPS pooling – if it comes to Scotland

Scotland's Lothian Pension Fund's celebrated inhouse management affords active management at the price of passive and the ability to shape specific mandates with managers. It also positions the fund to lead on pooling - if pooling comes to Scotland's LGPS funds.

Sweden’s FTN focuses on fees and returns in latest procurement

Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.

AP2, AP6 merger on track; currency impacts returns

In a big year, AP2 introduces a new asset management model and completes the integration of sister fund AP6 but the fund's 2025 return feels the impact of a strong SEK on its global portfolio. Eva Halvarsson, AP2's outgoing CEO, discusses the allocation and mandate changes and opportunities it presents.

Chicago Teachers: Where succession fears put managers on watch

In a recent investment committee meeting, trustees at Chicago Teachers heard how succession risk at external managers can hit not only returns but also managers' ability to bring ideas into the investment process and consistency around portfolio construction and implementation.

Iceland’s LV mulls more EM exposures, PE co-investments after SAA review

Iceland’s LV is eyeing more emerging markets allocation and private equity co-investments after conducting an SAA review, which will be finalised in the first half of 2026. CIO Arne Vagn Olsen says the shift is designed to make the $11 billion pension fund future-ready.

Strategy and reporting under the microscope: Denmark’s ATP awaits review

Denmark's ATP is awaiting a review that will report on the strength of its investment strategy, and suggest how to simplify reporting. But additional transparency must not hurt the future returns for members, warns Allan Japhetson, head of investment strategy at ATP.

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