Investor Profile
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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Inside NEST’s ‘serendipitous’ deal for IFM stake
NEST’s purchase of a 10 per cent stake in the Australian industry superannuation fund-owned IFM Investors marks the latest development in the trend of pension funds buying into the asset managers they’ve traditionally only allocated to.
USS calls time on emissions reporting
USS has steadily reduced the carbon footprint of its portfolio but real world carbon intensity and global emissions have climbed relentlessly higher. Now the investor says it is going to focus more of its effort on engagement with policymakers than reporting its emissions.
Wellcome Trust’s cautious approach: Cash pile grows waiting for opportunity
Wellcome Trust is holding nearly 10 per cent of its £37.6 billion portfolio in cash and bonds as it waits for sufficiently interesting long-term investment opportunities to arise - namely a big fall in public equities that would absorb large-scale funds quickly.
Switzerland’s MPK taps gains in gold, equity and real estate
Stephan Bereuter, CIO of Switzerland's Migros-Pensionskasse (MPK) explains why he favours gold, and argues that after three years in the doldrums core real estate opportunities are starting to open up.
OMERS positions to buy, favouring North America
Only two years into the top investment job at OMERS, Ralph Berg has made his mark, dramatically re-engineering the investment programs, adjusting the geographical focus and getting ready to buy as M&A markets open up. Amanda White reports.
In muted IPO market, OTPP’s venture growth team talks exit alternatives
In a bid to support portfolio companies in Teachers’ Venture Growth allocation, the pension fund convened a discussion on how founders and CEOs can optimise their exit.
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