As Finland's pension funds prepare to increase their equity allocations to unprecedented levels compared to global peers, they must also navigate a new and unfamiliar risk. Elo's chief investment officer Jonna Ryhänen explains the fund's investment approach going forward and how it will manage stakeholder and media scrutiny as they react to swinging volatility and returns.
Scott Chan is shocked the market hasn’t reacted more to the crisis emanating from the conflict in the Middle East. But the CalSTRS' CIO is confident its one fund approach allows it to position dynamically and ensure diversification no matter what is presented.
Germany’s €70 billion pension provider VBL is increasing its diversification, notably investing in overseas real estate outside Germany for the first time. It's also increasing its tilt to international equities over European stocks, enabled by an organisational and investment process overhaul.
The US has driven portfolio returns for decades, but investors are increasingly concerned that US-dominant portfolios are jeopardising precious diversification. USS, NBIM and IMCO share strategies to foster diversification including different currency exposures and investing in emerging markets.
In an interview with Top1000funds.com, Los Angeles County Employees Retirement Association CIO John Grabel explains how the fund's deeply ingrained investment processes guide the pension fund through times of uncertainty.
After several painful years, geographical diversification is finally working and will continue to work, at least in the short term, with increasing signs of a valuation advantage for non-US stocks and bonds, according to T. Rowe Price’s Sébastien Page. He says it's time to make use of tactical asset allocation.
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