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Investors need to revamp portfolio construction

Investors should re-consider their investment processes in order to achieve the needed “step-change in efficient portfolio construction” in a low return environment, the chief executive of the A$109 billion ($83 billion) Future Fund, David Neal, says. “It is the investment process that turns the universe of opportunities into a portfolio, and right now that process […]
Investor Profile

Equities bias for Nottinghamshire local fund

An equities-biased strategy for the Nottinghamshire Local Government Pension Scheme is against the trend for funds in the UK, but the local government scheme has no plans to de-risk as it tries to make up its funding level.   The strategy of the £3.5 billion ($5.7 billion) Nottinghamshire Local Government Pension Scheme, one of the […]
Investor Profile

Full throttle, part time at BP fund

Sally Bridgeland, chief executive of BP Pension Trustees, the £18.5-billion ($28.7 billion) pension fund for employees of one the world’s biggest oil companies, only works part-time. She made the decision after a near-fatal skiing accident when she says her life passed before her. She is BP’s first group leader to do so and is evangelical […]
Investor Profile

TelstraSuper: size-conscious success

What is the optimum size for an institutional investor? This is a question foremost in the mind of Jim Christensen, chief investment officer of TelstraSuper, the pension scheme of Australian telecommunications company Telstra. After four years of expansion, he believes he has maximised potential by gaining the optimum level of inhouse investment. Now running 20 […]
Investor Profile

Mid-life crisis at West Midlands Pension Fund

The area surrounding the British city of Wolverhampton, near Birmingham, is still called the Black Country although the polluting coal mines and steel mills that sprung up during England’s nineteenth-century explosion of wealth have long gone. Today there is little evidence that Wolverhampton was the cradle of an industrial revolution and the 300-odd public sector […]
Investor Profile

Billion-dollar beef-up at Barclays’ OPAM

If Tony Broccardo, head of Oak Pensions Asset Management, the investment arm of the £23-billion ($35.6-billion) pension fund for employees of London-headquartered bank, Barclays, wasn’t a fund manager he would have been an architect. But Broccardo has applied similar skills of stress testing, planning and making something structurally secure to the return-seeking fund, one of […]
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