SWIB’s priorities in a tougher investment landscape

After nearly a year at the helm, Edwin Denson, exe
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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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Asset owners fear rising inflation and falling equity valuations

The 2022 annual CIO Sentiment Survey, a collaboration between Top1000funds.com and CaseyQuirk, finds asset owners most concerned about equity valuations and inflation. After three years of fee rises, asset owners are paying less for investments while CIOs in 2022 are also working with a smaller manager roster.

Beyond traditional portfolio construction: incorporating uncertainty

Incorporating uncertainty into the asset allocation process is a complicated but essential ingredient of building portfolio resilience, something investors are valuing more than ever in an environment where inflation, geopolitical and climate risks dominate. GIC and BlackRock have both developed asset allocation frameworks that incorporate investors’ aversion for uncertainty.

War in Ukraine threatens net zero targets

The UK's BT Pension Scheme's CIO Wyn Francis reflects on the pressure war in Ukraine will put on investors net zero targets.

Performance variation impacts treatment of infrastructure: PGIM

Historical performance and cash flow characteristics differ enormously among infrastructure asset sectors, and even between assets of the same sector, says the vice president of PGIM IAS’ private assets research program. But scarcity of data makes infrastructure performance notoriously hard to study.

Leverage: Friend or foe?

Against the backdrop of rising rates, market turmoil and pension funds’ ever-growing illiquid allocations, leverage is going to increasingly come under the spotlight. Today’s changing macro picture of increasing interest rates and rising borrowing costs will put pressure on pension funds to ensure financing costs are compensated with expected returns.

QSuper and Sunsuper merge to form new institutional giant

The long awaited merger between the two Australian super funds, QSuper and Sunsuper, came into force on February 28, creating Australia’s second largest super fund. The newly formed A$220 billion Australian Retirement Trust is aiming to double its size by the end of the decade, according to CEO Bernard Reilly.

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