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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Investment industry needs to rethink strategy: Future Fund CEO
Persistently challenging market conditions driven by stagflation, uncertainty and volatility, the response to climate change and populism increasingly shaping government decisions, mean 60:40 needs a re-think according to Raphael Arndt, chief executive of the A$240 billion Future Fund.
Portfolio managers 3.0: APG’s digital future
APG recently hired its first digital portfolio manager. “Samuel” comes complete with an employee identity number and underlines the firm's ambitions around data-driven money management. Amanda White spoke with APG's CIO Peter Branner about the road ahead.
TRS defends struggling risk parity allocation for now
A recent board meeting at TRS discussed challenges in the $11 billion risk parity allocation. However, predicting stymied economic growth and continued inflation ahead, the asset class is likely to do better going forward
Landmark tech investment boosts Denmark’s Lægernes Pension
Denmark's Lægernes Pension has just completed a series of tech investments to further sharpen its investment processes. Michael Daniel Andersen, head of portfolio construction, believes natural language processing revealing what people are reading and researching will offer some of the most valuable new investment signals ahead.
Posting bonds not cash as collateral: Belgium’s KBC on LDI
Belgium’s KBC Pensioenfonds, the pension fund for the banking and insurance group, runs a large LDI programme. But unlike UK pension funds who had to fire sell assets to post margin during the recent gilt crisis, KBC can post bonds, not cash, as collateral.
NZ Super culls equities, focuses on impact
New Zealand Super has radically slashed the holdings in its passive equities portfolio as it re-aligns the portfolio with a Paris-aligned benchmark. It’s part of the fund’s shift to a sustainable finance focus which includes improving the fund’s already-good ESG profile and a more long-term future focus on impact investing.
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