Quality before quantity for AP1

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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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Washington works to be the best LP

Private equity has been a stand out for the $130 billion Washington State Investment Board and CIO Gary Bruebaker says the real trick is attracting the top general partners. That means making sharp investments, being true to your word and nurturing the relationship.

Brunel outlines owner/manager dynamic

The UK’s £30 billion Brunel Pension Partnership has published an asset management accord. The document is designed to clarify what it expects from its mandates and what they can expect from Brunel. A long-term focus, aspects of communication, and responsible investment and stewardship are among the topics the accord covers.

Cbus benchmarks managers on climate risk

The $32.5 billion Australian superannuation fund has set emissions targets for portfolios and incorporated TCFD disclosure rules as it makes climate risk management a factor in awarding mandates.

AI to transform GPIF manager selection

The $1.4 trillion Japanese fund will use deep-learning technology to monitor and evaluate the styles and processes of managers more effectively and pressure them to adopt high-tech tools.

GPIF’s Mizuno heaps change on managers

As CIO of the world’s largest pension fund, Hiro Mizuno has restructured fees and forced a focus on ESG and stewardship. Now the fund is using AI to make sure managers practice what they pitch.

PSRS/PEERS wants fees perfectly clear

The $43.6 billion Missouri education pension plan is a leader on transparency and costs, parsing out management and performance expenses in its annual report and negotiating less costly mandates.

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