Strathclyde cuts equity allocation
The UK’s largest public pension fund is de-risking its successful equities portfolio and looking to private debt, emerging-market debt, global credit and UK infrastructure to fill the void.
British Columbia Investment Management Corporation has been investing in private debt since 2018. Global head of public markets Daniel Garant, whose team oversees private debt, articulates the secrets of success at a time of fierce competition for returns as more investors pile into the asset class, tightening credit spreads.
The UK’s largest public pension fund is de-risking its successful equities portfolio and looking to private debt, emerging-market debt, global credit and UK infrastructure to fill the void.
Dutch fiduciary manager Blue Sky Group must navigate a regulatory environment that demands clarity for trustees as it seeks to add defensive equity in emerging markets and considers private debt.
Coal Pension Trustees Services includes a sizeable allocation to equities and is making a move into illiquid sectors such as shipping assets – ‘floating property’ – to generate cash flow.
One of Canada’s largest pension funds, PSP Investments, is addressing low growth and low returns by pursuing platforms and private debt in the race to create new investment opportunities.
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