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APG takes the lead on AI
APG is one of the few large asset owners putting AI to work effectively in its investment process. Amanda White looks at how it is integrating machine learning and more to enhance decisions.
Texas Teachers says strategic partnerships with asset managers improving performance
After three years, the strategic partnership that Teacher Retirement System of Texas (TRS) initiated with four of the world’s biggest asset managers is bearing fruit, both in terms of returns and improvements in the fund’s investment processes.
LPs can look beyond top in VC
The common refrain from limited partner investors is that they can’t access ‘top-tier’ VC funds, so they avoid them entirely. A look at the data reveals whether this belief is fact or fiction.
ACERA eyes global, more active approach for $6.6b equity portfolio
The $13.2 billion Alameda County Employees’ Retirement Association fund is planning a major overhaul of its equity portfolio, shifting from a passive US-focused approach to a more global, actively-managed strategy in an effort to boost returns. The shift will result in manager terminations and searches.
Future Fund focuses on finding the best people
Australia’s sovereign wealth fund, the A$101 billion Future Fund, has just upped the stakes in not only attracting the best co-investment deals from fund managers, but in its bid to attract the world’s best investment professionals. Two months ago the fund’s long serving chief investment officer, David Neal, become chief executive in name (following the
Advancing the DB versus DC debate
It is possible for the best elements of defined benefit (DB) schemes to be applied to defined contribution (DC) schemes, by replicating real deferred annuities to produce superior pension outcomes for members, according to a new paper by APG. The paper, How to mimic DB-like benefits in a DC product, does what it says. It
Investors launch Climate Action 100+
Hundreds of global investors, including CalPERS and the Swedish buffer funds, have come together to pursue low-carbon goals by working actively with big companies and publicising their progress.
We need to be better than ‘optimal’
An over-reliance on mean-variance optimisation has led to portfolios that fail to take into account the radical complexity of the real world and embrace ‘pretentious and unhelpful symbols’.
Asset Allocation