NYCRS CIO focuses on the achievable

Reducing equities, expanding the resources and cha
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Inside the year-and-a-half-long review into ATP’s complicated portfolio

Inside the year-and-a-half-long review into ATP’s complicated portfolio

Danish pension giant Arbejdsmarkedets Tillægspension (ATP) has been urged to cull risk, establish formal portfolio benchmarks and reduce private markets exposures, according to an external review committee which handed down a 536-page report into the fund’s investment operations after an 18-month review. Following the release of the report by the board this week, co-author of the review Andrew Ang unpacks the findings with Top1000funds.com.

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OPTrust’s safe space for innovation

OPTrust Labs will allow the Canadian pension fund’s research and development unit to take risks and fail so it can nurture new ideas and technology. It’s about “unleashing human activity”.

South Dakota takes risk to bottom rung

The $14.2 billion South Dakota retirement system is sitting on cash and T-bills to hedge against equity-type risk seeping into its portfolio. The fund remains opportunistic and won’t rule out fossil fuels.

Going direct puts wind in PFA’s sails

The $77 billion Denmark pension fund PFA has turned to direct investment for its alternatives, taking stakes with varying levels of risk in areas such as telecommunications and wind farms.

CalPERS shake-up may delay PE plans

The surprise ousting of CalPERS board president Priya Mathur heralds a leadership shake-up that could place final approval of an expanded private equity program on hold.

Kellogg Foundation hunts AI investments

The CIO of the $3.5 billion foundation is looking to augment a legacy built on the famous cereal company’s stock by beating most of the US to the punch on adopting AI and machine learning.

PSRS/PEERS wants fees perfectly clear

The $43.6 billion Missouri education pension plan is a leader on transparency and costs, parsing out management and performance expenses in its annual report and negotiating less costly mandates.

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