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Investor Profile

Federal Retirement Thrift: Manager boost

Five years on from a board decision to increase manager diversity, Federal Retirement Thrift Investment Board, the Washington-based defined contribution plan for US federal civilian employees is finally poised to allocate a portion of its giant $640 billion assets to a new manager for the first time.
Fees

The reason behind fee falls

Fees have declined significantly in a number of asset classes since 2016. Fund of hedge fund fees for example have fallen by more than a quarter in that time. Kathryn Saklatvala from bfinance discusses why.
Investor Profile

Rediscovering FI at Nebraska

The $27 billion Nebraska Investment Council is conducting a deep dive into its fixed income portfolio, inviting up to 25 current and potential external managers to pitch their best ideas. The process begins by wiping any preconceived notions around the allocation’s role in the overall portfolio and justifying its place as if from scratch. It ends two years later with the issuing of mandates.
Fees

Sampension seeks more control

As the Danish labour market pension fund puts more into alternatives and illiquid assets, it is also in talks with managers to increase its control over investment decisions and lower its costs.
News

CalPERS gives its managers ESG ultimatum

In what promises to be a transformational moment for ESG integration and investment manager accountability, CalPERS will require all of its managers to identify and articulate ESG in their investment processes. CalPERS staff led by Anne Simpson, senior portfolio manager and director of global governance, presented the ESG manager expectations, and draft sustainable investment guidelines, […]
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