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.
Fiduciaries and investors ‘divided’ over inflation
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.
AP2, AP4 hail active management
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.
New method for incentive compensation at CalPERS
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.
End of an era as APG appoints new CIO
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.
NYSTRS leaves UNPRI but remains committed to governance
The New York State Teachers Retirement System has voluntarily withdrawn active participation in the United Nations Principles for Responsible Investment (UNPRI) initiative but will continue to support strong corporate governance principles through memberships in the Council of Institutional Investors and Ceres.
