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Australia’s QIC gets real about risk
As the era of double-digit returns winds down, Jim Christensen, head of the $65 billion Queensland Government-owned firm, is having the hard conversations with clients about expectations.
Brightwell ponders implications of shake up in UK pension scheme surpluses
New rules may enable employers to tap surplus funds built up in defined benefit plans in the UK. It remains unclear if this would alter investment strategy and see these funds invest more investment in so-called productive assets rather than UK government bonds.
OECD calls for reform of pension policy
OECD has called for policy changes after pension funds around the world lost one fifth of their assets, equivalent to $US 3.3 trillion – in 2008.
What consolidation means for the AP funds
The five Swedish AP buffer funds will be reduced to three, a new responsible body will be set up to formulate long-term return targets and a reference portfolio, and limits on unlisted investments will be lifted under the new plan put forward by the Swedish Government. These are the findings of The Pension Group, which
HOOPP survives the crisis through ALM
The experience of the C$26.7 billion ($25 billion) Hospitals of Ontario Pension Plan (HOOPP) is testament to the success of asset-liability driven investing. Amanda White spoke with chief executive, John Crocker, about how matching assets with liabilities led to an underweighting in equities and a subsequent (relative) survival of the global economic crisis.
Dutch pension funds back reform program
High-profile Dutch pension funds and their service providers have come out in support of an agreement to radically reform the country’s pension system.
CalPERS punishes BlackRock for Stuy Town disaster
Another page has turned in the history of the Stuyvesant Town – Peter Cooper Village apartment buildings in New York, as iconic as they have been controversial since their initial construction in the 1940s. CalPERS, America’s largest pension fund, has terminated BlackRock, one of its property managers which led a 2006 purchase of the 80-acre
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