TelstraSuper: allocation authority
Graeme Miller, CIO at the A$21 billion TelstraSuper fund, has beefed up the staff and processes committed to asset allocation and adopted an empowering vision of world-class funds management.
Günther Schiendl, chair of Austria's VBV Pension Fund board explains how he's enabling younger savers to access more equity investment. However, despite long-held plans to develop the allocation to private equity, US tariff and trade policy has halted the strategy for now.
Graeme Miller, CIO at the A$21 billion TelstraSuper fund, has beefed up the staff and processes committed to asset allocation and adopted an empowering vision of world-class funds management.
The $29 billion Employees Retirement System of Texas will add to its alternatives portfolio over four years and wants small managers to represent 10 per cent of its active mandates.
Canada's AIMCo is pushing innovation further, taking ownership stakes in energy groups and hedge funds, and going after private equity with renewed gusto.
Florida State Board of Administration CIO Ash Williams may modernise real-estate holdings or add Asia exposure, but he sticks to the long-term strategy – especially when tough times loom.
The $350 billion California Public Employees’ Retirement System’s new portfolio will look more like the current one than other options. The pick balanced portfolio risk with liability concerns.
Manager selection led to nearly three-quarters of outperformance for Texas Teachers in 2017 as the fund beat its benchmark by 168 basis points.
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