Strategies for volatile times

How ATP takes on risk on top of providing a guaran
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ART property boss: Investors were wrong to think real estate was easy

ART property boss: Investors were wrong to think real estate was easy

Australian Retirement Trust real estate head Mark Lee says the COVID downturn exposed that treating real estate as an easy asset class was a crucial mistake from investors, and property is not just a “bond replacement with a slightly higher yield”. As the A$20 billion portfolio prepares to double in five years, Lee says future returns will depend increasingly on investors’ ability to “sweat the assets”.

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GEPF shows value of governance

A controversial loan and an accounting scandal at an investee company demonstrate the value of ESG practices at the $131 billion South African Government Employees Pension Fund.

APG takes the lead on AI

APG is one of the few large asset owners putting AI to work effectively in its investment process. Amanda White looks at how it is integrating machine learning and more to enhance decisions.

CPPIB focuses managers on long term

The C$337 billion CPPIB works towards a full understanding of its external managers’ strategies. These efforts, plus a customised fee structure, ensure a focus on long horizons.

Canada’s Caisse innovates in PE

The $233.3 billion pension fund, CDPQ, is looking to expand its sizeable private-equity allocation with moves into emerging markets and unconventional deals. Flexibility is essential.

North Carolina treasurer up for a fight

The head of North Carolina’s pension fund, Treasurer Dale Folwell, is dropping some managers, calling out others, and remaining cautious about reallocating capital – all without a CIO.

Taiwan’s BLF still diversifying

From elevating the focus on multi-asset and alternatives allocations to expanding its roster of external managers, the Bureau of Labor Funds’ plans for 2018 are about diffusing the risk.

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