NYSTRS defends defined benefit funds

The defined-benefit New York State Teachers’ Ret
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Ohio STRS warns of higher US recession risk; prioritises liquidity

Ohio STRS warns of higher US recession risk; prioritises liquidity

The State Teachers Retirement System of Ohio has warned of a “material” increase in US recession risk compared to last year as the fund braces for a wider, “negatively skewed” distribution of outcomes in the next 12 months. It came as the mature plan, which is 81 per cent funded, is tilting to fixed income and new asset classes like liquid alternatives over equities.

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CalPERS assumes lower returns

CalPERS has set its latest four-yearly capital market assumptions, that feed its strategic asset allocation. The $323 billion fund expects lower returns and more volatility.

From bonds to equities for GPIF

Since 2014, the Government Pension Investment Fund, the world’s largest investor, has shifted a chunk of its holdings, in domestic bonds to equities, and heightened its focus on stewardship.

Hedge funds still in style at Varma

Reima Rytsölä, chief investment officer at Finland’s largest private pension insurance company, sticks with the fund’s longstanding interest in hedge funds and extends its risk premia strategies.

LD innovates on equities, fees

Danish pension fund Lønmodtagernes Dyrtidsfond has embraced innovation, introducing four buckets for a more dynamic equities portfolio and co-investing with peers to get top value for fees.

UTAM favours equities, private credit

The University of Toronto Asset Management Corporation adopts passive moves into US equities, active allocations to international shares and select opportunities in private credit markets.

LPP’s pooling ahead of the game

LPP’s chief investment officer is convinced proper governance is the key to fund collaborations. He has Lancashire County and London pensions on similar paths and has bulked up in-house prowess.

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