Preqin has canvassed public pension funds and other investors in the US to examine the specific effects of the SEC’s proposed rules relating to the introduction of the Advisers Act Rule 206(4)-5, on the private equity industry. The report includes key statistics on the use of placement agents, the importance of private equity and other alternative investment funds using third-party marketing to the portfolios of public pension plans, and the size of the placement industry.
A big, multi-billion dollar scheme, the Abu Dhabi Retirement Pensions and Benefits Fund began deploying its capital across global markets in 2005. Simon Mumme speaks to chief investment officer Stefan Cowell about the fund’s current investment appetite and the steep learning curve it is charting.
There is a fundamental disconnect emerging between fiduciaries, and their underlying ‘real’Â investors, on whether deflation or inflation is the prevailing investment theme, according to political and policy consultant Pippa Malmgrem, who spoke with Michael Bailey about why the prevailing model of strategic asset allocation has to change.
Swedish buffer funds AP2 and AP4, have hailed active management as a major driver of profits in the first half of the year, at a time when the Government has challenged the value of active management and launched a review of the funds’ costs management.
CalPERS is contemplating an incentive schedule for senior investment executives that builds in downside risk, by expanding the range of the factor multipliers for the quantitative elements of investment performance plans, a move which could potentially eliminate a small compensation incentive award.
A focus on governance and sustainability has been recognised by APG Asset Management, in appointing former global chief executive of ING Investment Management, Europe, Angelien Kemna, as successor to chief investment officer Roderick Munsters, the man who has sat at the helm of two of the Netherlands’ biggest pension funds.