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OTPP deals with underfunding

Even the most successful and well run pension plans are facing underfunding challenges. The $129-billion Ontario Teachers’ Pension Plan is the latest to investigate solutions to solve the mismatch between the pension promise and the funds required to meet that, says Jim Leech, chief executive of the organisation . OTPP has appointed a taskforce – chaired […]
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Outward bound from the Finnish

Finnish pension investor Ilmarinen is exploring whether to send a representative to South America as it intensifies its emerging market operations. Timo Ritakallio, who heads investment at the €29-billion ($39-billion) fund, says it is looking to access “more and more emerging market opportunities”. In January Ilmarinen sent a senior portfolio manager to run a “one-man […]
Investor Profile

How is the Tesco fund faring aged one?

According to the latest figures, an ambitious turnaround plan at the United Kingdom’s biggest supermarket chain, Tesco, has helped reverse falling profits. Last year the retailer, one of Britain’s largest private sector employers and a landmark in every town since founder Jack Cohen opened his first store in North London in 1929, also changed strategy […]
Investor Profile

Vita Sammelstiftung puts bond holdings under microscope

Samuel Lisse, chief executive of Switzerland’s Vita Sammelstiftung (Vita), is currently in the process of hiring a new head of investment. The new appointee will have plenty resting in the in-tray, it appears, as she starts to assist the investment committee that governs the strategy of the 8.5-billion-Swiss-franc ($9.1-billion) joint foundation. That is not because […]
Investor Profile

UMR: growth from government bonds?

“We have to move faster than our competitors,” says the chief executive of French retirement fund Union Mutualiste Retraite, Charles Vaquier. It is a phrase that you can hear uttered by business leaders at all sectors and levels, but one that institutional investors rarely emphasise. In chatting about its investment strategy, it soon becomes apparent […]