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Investor Profile

TfL explains why hedge funds provide essential diversification

Padmesh Shukla, chief investment officer of the £14 billion Transport for London Pension Fund explains why he believes hedge funds are a crucial element to a diversified portfolio.
Investor Profile

Denmark’s PenSam introduces new climate index to solve tech tilt

A new climate index at Danish investor PenSam aims to solve the overweight to tech stocks, a common problem for sustainable investors give the sector is low emitting and solving many of the challenges of climate change.
Investor Profile

Fast growing UK DC master trust Smart Pension prioritises tech, low costs

Paul Bucksey, CIO of Smart Pension, the UK's fast growing DC master trust explains why Smart Pension's low cost, technologically advanced model is proving so successful.
Investor Profile

Germany’s MetallRente ups risk, gains beneficiary enthusiasm

MetallRente, the risk-averse German pension fund for workers in the metal and electrical industries, now offers an equity allocation in its conservative direct insurance option. The chance to tap the capital markets for higher returns has been enthusiastically taken up by beneficiaries, says managing director Hansjoerg Muellerleile.
Organisational Design

Size and flow dispersion motivates fund-specific investment models in Oz

Recent research by The Conexus Institute identifies significant dispersion in the operating environment for Australia’s superannuation funds. Here they consider the impact on fund investment models including internalisation, private assets and offshore investment teams.
Featured Story

Ford’s Roy Swan on how the Church of England is tackling its slavery legacy

Roy Swan, director, mission investments at the Ford Foundation, is helping The Church Commissioners for England set up a new impact fund to tackle its slavery legacy. He tells Top1000funds.com about how the fund will provide grants and make impact investments intended to increase access to capital for Black-led businesses.
Organisational Design

DEI a vital tool to building culture at CalPERS

A clear commitment to DEI is helping CalPERS support its senior staff to optimise the performance of its existing teams and provides a valuable framework for attracting  a diverse range of new talents. We spoke to chief diversity, equity and inclusion officer, Marlene Timberlake D’Adamo.
Investor Profile

Politicians wrestle for control at Mississippi PERS

Politicisation at US public pension funds has taken a turn for the worse after a new law threatens to put politicians in charge of the Public Employees’ Retirement System of Mississippi.
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INVESTOR PROFILE
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Investor Profile

Illinois Treasurer Frerichs: Why a sole fiduciary model works

Illinois Treasurer Michael Frerichs bats away criticism that the sole fiduciary model is outdated, arguing it is possible to wear a fiduciary and political hat if your sole purpose is to serve the people of the state.
Sustainability
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FIS Singapore 2024

Asia’s climate transition requires unique regional presence 

Asia is going through its own sustainability journey, and it’s different from the transition pathways in Europe and North America. Robeco head of fixed income, Asia, Thu Ha Chow told the Top1000funds.com Fiduciary Investors Symposium in Singapore that this means investing in the region requires a unique, regional perspective.
FIS Singapore 2024

Recasting emissions abatement as expensive rather than hard 

When it comes to figuring out how a company will get to net zero and how their transition will be financed, more investors are making a distinction between emissions that are hard to abate, and emissions that are expensive to abate.
Sustainability

Investors trying to change the world: Why climate investing is so difficult

Asset owners are preparing their portfolios for the climate transition, reducing holdings in companies with high emissions and pledging billions to climate investments. But climate proofing portfolios is proving one of the most arduous and complex challenges investors have ever faced. Top1000funds.com takes a close look at the progress.
Sustainability

NBIM’s RI report showcases benefits of transparency

Risk-based divestments increased returns on Norges Bank Investment Management's equity portfolio by 0.07 per cent in 2023. Measuring the impact of its investment decisions, reported in NBIM's latest RI Report, is part of a concerted drive for greater transparency by the manager of Norway's Government Pension Fund Global.
Asset Classes
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Featured Story

Real estate drags for Swiss fund MPK but climate proofing gathers momentum

Migros-Pensionskasse (MPK) the CHF28.2 billion ($30 billion) pension fund for Switzerland’s largest retailer, Migros, has done much to reduce emissions in its real estate allocation. But balancing adding value with the cost of integrating sustainability is a challenge.
Investor Profile

PGGM revamps fixed income; focuses on liquidity

PGGM's Wilfried Bolt explains how the end of quantitative easing (QE) has changed the asset manager's hedging strategy and prompted a keen focus on liquidity. He also explains the rationale behind managing more of the corporate bond allocation in house.
Featured Story

Private equity angst at Oregon

A stubbornly high exposure, lacklustre M&A deals and exit activity as well as a slowdown in fundraising and deployment and market volatility creating benchmarking havoc have all conspired to cause consternation in the Oregon Public Employees Retirement Fund's private equity allocation.
Japan in focus

Japanese corporate pension funds navigate uncharted waters

Fixed income, once a stabilising force for asset-rich Japanese corporate pension funds, now struggles to counter stock and currency volatility. Japanese investors are reducing fixed income, and heavily diversifying their portfolio as high currency hedging costs prompt caution, seeking shelter in short-term strategies amid uncertainties surrounding global central bank policies.
FIDUCIARY INVESTORS SYMPOSIUM STANFORD
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Stanford 2018

FIS Stanford Photo Gallery

View photos from the 2018 Fiduciary Investors Symposium, held at Stanford University, United States.
Stanford 2018

China’s enticing, challenging market

Inefficient markets and an explosion of technological innovation fuelled by Millennial consumers make China a tantalising prospect but accessing strong returns there isn’t as simple as it looks.
Stanford 2018

Protecting human capital helps everyone

Investors have plenty to gain from helping to protect human rights in supply chains and managing the human costs during technological disruption and the transition to a low-carbon economy.
Stanford 2018

How to follow megatrends to success

The big themes that will fuel growth in coming decades are interconnected and subject to change. An expert panel gave advice on riding societal change to outperformance.
Stanford 2018

How the active complements the passive

Investors discuss the various ways that two styles often presented as if they are enemies in fact work hand in hand across portfolios to produce returns.
Asset Allocation
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Featured Story

How Ireland’s ISIF is helping crowd-in transition finance

The €15 billion ($16.1 billion) Ireland Strategic Investment Fund (ISIF) is finding compelling investment opportunities in the energy transition and is successfully drawing in additional investment to finance Ireland’s net zero commitments.
Investor Profile

Texas ERS boosts cash allocation as higher rates end era of dead money

Texas ERS has bumped up its allocation to cash to 10 per cent, and revamped its global equities around a core fund with an overweight to AI and other Magic Seven themes, drug manufacturers and aerospace. Another key development in equities includes reducing the number of stocks by half.
Asset Allocation

Penn PSERS trims leverage, adds fixed income and hones in on fees

The $71.9 billion Pennsylvania Public School Employees' Retirement System has reduced net leverage, added fixed income and continues to shave costs off its external investment management fees, mostly by reducing private allocations. The trimming and shifting of the portfolio is part of an adjusted SAA responding to ongoing market changes.
Featured Story

CalSTRS looks at big picture with total portfolio function

The $315 billion CalSTRS is looking to build a top-down portfolio function to better incorporate liquidity management alongside portfolio construction and to consider how it can better deal with often lumpy cashflows to maximise returns, while continuing to keep a tight rein on risk.
Strategy
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Strategy

What the new global labour market really means for investors

As western economies grapple with demographic shifts and labour mismatches, a new set of opportunities and risks have appeared for investors. PGIM thematic research group director Jakob Wilhelmus outlines what they should look out for in this new world order.
Featured Story

India’s NIIF: A poster child for development finance

Sujoy Bose played a central role in setting up India's celebrated sovereign development fund, the National Investment and Infrastructure Fund. He explains how NIFF's governance combines a perfect combination of sovereign comfort for investors seeking Indian exposure alongside the discipline and freedom to hunt returns.
Investor Profile

What drives success at CPP Investments’ giant PE portfolio

Size and scale are not always advantages. Against the backdrop of tougher market conditions, CPP Investments' global head of private equity Suyi Kim says successfully managing what could be the world’s largest private equity allocation a program will depend on successfully managing the large team.
Investor Profile

South Africa’s EPPF builds resilience in governance-focused strategy

South Africa's EPPF wants to increase its allocation to private equity and venture capital to help ride out volatility at home in a strategy where governance and stakeholder engagement is central. CEO Shafeeq Abrahams explains.