Linda Gruendken: Cycling in Cambridge and the randomness of markets

I chat with Linda, the lead scientist from GAM Sys
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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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Nebraska ups global equity; navigates ESG wild fires

Nebraska Investment Council is upping exposure to active global equity and is poised to discuss increasing its private equity next year. Elsewhere, the NIC is navigating ESG wildfires as Nebraska's policy makers question passive manager BlackRock.

Denmark’s ATP defends risk parity despite worst loss ever

Mikkel Svenstrup, CIO of Danish fund ATP, defends risk parity despite posting the worst results in the fund's history.

Crypto not suitable for fiduciaries, but opportunities in underlying tech

Cryptocurrencies do not live up to the investment hype and offer nothing but enormous volatility to institutional portfolios, according to PGIM’s mega-trend research team.

LGPS Central balances internal management vs net of fees performance

Mike Weston, CEO of LGPS Central is spearheading a push into illiquid and inflation proof assets. Although Central is all set up to manage assets internally, the latest batch of mandates will be externally managed reflecting the asset manager's strict guidance around net of fees performance.

Warnings increase as rising rates puts LDI under strain

The number of warning voices increases as rising interest rates puts pressure on LDI strategies, forcing more pension funds to sell assets to maintain leverage levels.

NEST comes of age

The fast-growing UK DC fund, NEST, is reviewing its objectives and so how it allocates assets. Amanda White spoke to deputy CIO, Elizabeth Fernando about the implications for investments.

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