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Asset-backed funding: desperate or innovative?
On one hand, the decision by one of the United Kingdom’s leading foods businesses, Dairy Crest, to plug its £84-million ($130-million) pension deficit with cheese smacks of desperation. Any proactive investment strategy to get the $1.2-billion pension fund back on track has been abandoned for a funding measure using unconventional sponsor assets to plug investment
CalPERS implements new RFP process for global equities
CalPERS will implement a new RFP process for global equities, which is more consistent with the transformation of its global equities portfolio and the desire to assess every strategy, than its current Spring Fed Pool system, Eric Baggesen, senior investment officer of global equities said.
APG’s IMQubator launches second fund
Dutch Pension fund administrator APG will open up innovative investment ideas to other institutional investors, with the IMQubator hedge fund seeding platform it has backed launching a second fund to channel money to emerging managers.
Long term lens shields Colorado from private credit jitters
As concerns in private credit mount, Colorado PERA CIO and COO Amy McGarrity says the pension fund isn’t seeing any strains in its growing allocation to the asset class, arguing that long-term investors are shielded from the risks because they can lock up their capital to weather market cycles.
Putting your footprint where your mouth is: CalSTRS reports on carbon emissions
In the latest move to demonstrate the same commitment to climate change it expects from its portfolio companies, CalSTRS has signed The Climate Registry, a leading voluntary greenhouse gas registry in North America. The $147 billion fund will report on its carbon footprint, which was dramatically reduced when it moved into its new building in
It’s a drag: why TPA is superior to SAA
A total portfolio approach overcomes the governance, benchmark and inertia drags inherent in strategic asset allocation, and can add returns of 50-100 basis points above SAA, according to global head of investment content at Willis Towers Watson, Roger Urwin.
The habits of top ESG performers
A look at Corporate Knights’ 2018 ranking of the best companies for ESG reveals that they pay more in taxes, hire more women in executive roles, and generate more clean revenue than their peers.
New Jersey chair calls for allocation review
Chair of the investment council of the $70 billion State of New Jersey’s Division of Investment, Robert Grady, has called for a new asset allocation plan, pointing in particular to the fund’s cash position which sits at around 2.75 per cent. The fund has also been overweight its domestic equity allocation by about 6 per
LASERS targets alternatives
The $12 billion Louisiana State Employees’ Retirement System is overhauling its multipronged alternatives portfolio to concentrate on top-performing allocations and shake up the manager roster.
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