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Demystifying private equity
US public pension funds, on average, have around 9.4 per cent allocated to private equity but for many public funds monitoring the firms that manage these investments – including the transparency of underlying investments, fees, performance and benchmarking – as well justifying these investments to boards and stakeholders, takes up more than 10 per cent
Denmark’s PKA profits on alternatives
In one of the biggest allocations among the fund’s Danish and European peers, PKA has grown its alternatives portfolio to account for 25 per cent of assets under management.
HOOPP fully invested in the future
HOOPP is in an extraordinary position of being 122 per cent funded. It continues to focus on innovative investments – such as credit derivatives – as a way to achieve its pension promise.
McKinsey: Long game is best play
Calls for a long-term investment focus have lacked a sophisticated metric to back them up – until now. The McKinsey Global Institute has found tangible benefits from shunning short-termism.
Cost disclosure overhaul
Investors should adopt the ILPA standardised fee reporting template for private equity, say Mike Heale and Andrea Dang from CEM Benchmarking
German fund ÄVWL’s anti-cyclical ethos
Long-term investment in real estate, infrastructure and asset based lending, including financing ships and aircraft where traditional bank backers have fled, make up the German fund’s strategy.
CalPERS: “opaquely transparent”
A Columbia Business School case study on CalPERS has criticised the fund for being “opaquely transparent”, with a computation of investment expenses revealing the fund pays three-to-four times its peers in fees. Written by Columbia professor of business Andrew Ang and Columbia CaseWorks fellow, Jeremy Abrams, Californian dreamin’: The mess at CalPERS examines the political,
Why OTPP’s sustainable investing chief ‘welcomes’ anti-ESG sentiments
Ontario Teachers’ Pension Plan’s global head of sustainable investing, Anna Murray, said she had come to terms with the anti-ESG sentiment floating around in certain investment circles, and said investors should take the opportunity to remove the label around ESG investing since it is now integral to the fiduciary duty.
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