PSRS/PEERS wants fees perfectly clear
The $43.6 billion Missouri education pension plan is a leader on transparency and costs, parsing out management and performance expenses in its annual report and negotiating less costly mandates.
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Utah Retirement to pick PE managers
Utah Retirement Systems considers its strong balance sheet, history of long-term relationships with managers and nimble governance advantages as its search for GPs in private equity begins.
HSBC pension re-allocates to de-risk
"There are no prizes for taking on more risk than you need," said CIO Mark Thompson, after the fully funded UK scheme sold 60 per cent of its equities and targeted long-dated assets.
Alaska’s plan for great partnerships
The Alaska Permanent Fund Corporation recognises three kinds of partnerships - with managers, specialised advisers and institutional peers - and has a plan for how to get the most out of each.
We don’t have to be friends
“I don’t have to like you, we don’t have to be friends,” says Chris Ailman, chief investment officer of CalSTRS.
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