APG, NPS collaborate on private assets

White trucks passing through tollgates on the highway winding through the wooded valley in backlit. View from above.

Two of the world’s largest pension funds, the $6
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Sweden’s FTN focuses on fees and returns in latest procurement

Sweden’s FTN focuses on fees and returns in latest procurement

Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.

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Utah to look for PE managers

The $37 billion Utah Retirement Systems (URS) will allocate to private equity managers directly, rather than through funds-of-funds, for the first time since it began investing in the asset class 35 years ago.

Utah Retirement to pick PE managers

Utah Retirement Systems considers its strong balance sheet, history of long-term relationships with managers and nimble governance advantages as its search for GPs in private equity begins.

Alternative PE vehicles underperform

Alternative private equity vehicles underperform the associated main fund, new research from Harvard's Josh Lerner and MIT's Antoinette Schoar has shown for the first time - but skilled limited partners flip the script.

Alaska’s plan for great partnerships

The Alaska Permanent Fund Corporation recognises three kinds of partnerships - with managers, specialised advisers and institutional peers - and has a plan for how to get the most out of each.

CalPERS wants PE revamp to move quickly

The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.

AustralianSuper on shaping ownership

Jim Craig is chair of the investment committee for the $76 billion AustralianSuper. He talks to Amanda White about aligning principles and strategy for Australia’s largest superannuation fund.

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