Korea's KIC is accelerating its expansion into alternatives, targeting a quarter of the $169 billion fund in alts by 2025 in a bid to escape the volatility, macroeconomic and geopolitical risk that impacts the fund's traditional public markets allocation. Elsewhere, 'happiness management' is now integral to its recruitment practices.
Sweden’s SEK 900 billion ($84 billion) AP7 can finally invest up to 20 per cent of its assets in alternative, illiquid investments. A new allocation to infrastructure and targets to double private equity are in the offing following the fund dipping a first toe in real estate.
Investors are piling into alternatives to escape low returns in liquid markets. But Henrik Olejasz Larsen, CIO of Denmark's Sampension, warns liquid markets signpost trouble ahead in alternatives, especially private equity.
Other LGPS pools in the UK have appointed CIOs, risk officers and internal teams but the £56 billion ACCESS pool has outsourced all aspects of investments and will remain externally managed. It's now looking for managers as it pools illiquid assets in private equity, private debt, infrastructure and real estate.
Danish pension fund PensionDanmark is not only providing its members with robust returns, it's also leading Denmark's ambitions to become the "new Norway" but in green energy rather than oil and gas.
AP4’s head of alternatives Jenny Askfelt Ruud discusses how the pension fund integrates sustainability in its alternatives portfolio which includes avoiding investments in some sectors in line with its decarbonisation strategy and investing in sustainability themes by finding companies that are driving the transition with new technologies and services.
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