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NBIM prioritises trading efficiency, AI and culture in three-year plan
The largest investor in the world, Norges Bank Investment Management, is investing in AI to reduce costs, increase trading efficiency, and make better active decisions. The fund has set out its three-year strategy which also includes focusing on targeting managers with more flexibility to express negative views.
US instos battle for proxy rights on boards
The ongoing saga of US investors’ right to have a say in corporate elections continues with the Council of Institutional Investors (CII) refuting the Business Roundtable’s (BRT) claims that the proxy rule will injure shareholder interests.
Bonds buoy funds globally
New Zealand pension funds were the best performing in the OECD last year, with an average of 10.3 per cent, followed by Chile, Finland, Canada and Poland, with 2.7 per cent the average across all countries.
Santiago Principles need update: panel
The Santiago Principles have made a great impact on transparency and accountability for sovereign wealth funds but need a refresh to offer guidance amid increasing tension between global and local mandates and a tougher regulatory environment, a panel declared.
Is LDI fit for purpose?
An LDI approach, which included a large allocation to bonds and a lot of internal investment management, helped HOOPP survive the GFC and has served it well for the past 13 years. But now – with the COVID crisis and a very low interest rate environment – that approach is being revisited and the fund is looking to invest more in alpha generating assets, and external management.
Highlights from Climate Week 2023: The Burning Man for climate geeks
Biodiversity, transition finance and a sense of urgency around climate mitigation were in focus at Climate Week 2023, dubbed the “Burning Man for Climate Geeks”. PSP Investments’ Herman Bril and Stella Y. Xu reflect on the highlights from Climate Week which they attended this year. They didn’t attend Burning Man.
Hermes ready for institutions worldwide
Following the purchase of European equities manager Sourcecap International, Hermes Pensions Management, the fund manager for the £32 billion ($51.8 billion) BT Pension Scheme, is preparing to market its diverse array of boutique managers to institutions worldwide.
Meeting multiple objectives: The pension fund addressing mental health
With the right governance models pension funds can play a role in broader societal issues, such as mental health in the workplace, while still delivering financial security for members. A unique “democratic governance structure” at the Danish Velliv Association allows it to manage multiple objectives, chief executive Lars Wallberg said.
System change boosts Canadian fund’s assets
From July 1, the $32 billion Canadian fund, HOOPP, went live with a new investment IT platform, powered by Simcorp. Amanda White spoke with chief executive of HOOPP, John Crocker, about the importance of technology in the way the fund manages its money.
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