Pension Fund Strategy – Page 11
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Opinion PiecesUS public pension funds focus on labour practices in private equity
Private equity has become dependent on public pension funds, which represent almost one-third of all investors in the asset class. These schemes invested 13% of their assets – over $620bn (€580bn) in 2022 – up from 3.5% in 2001 and 8.3% in 2011, according to data from public pension research non-profit Equable Institute.
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Country ReportProgress report on the UK’s Mansion House capital market reforms
Details of potential changes to the UK’s pension landscape have been thin on the ground
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Book ReviewThe importance of board decisions in an uncertain world
In the foreword to this new book, the CIO of CERN Pension Fund, Dr Elena Manola-Bonthond, says that, in her experience, investment alpha is scarce and very often difficult to access. It can be costly and its persistence is sometimes questionable. But there are other types of alpha that are more accessible and governance alpha is definitely one of them.
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InterviewsMerseyside pension fund dials down domestic bias
Scheme’s strategic ambition is to move closer to the MSCI World index weightings
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Opinion PiecesStriking the right balance on pension funds and fiduciary duty
Pension fund investment principles, strategies and decision-making have all become more complex in the wake of the growth of sustainability factors in general and climate change in particular. This has made the interpretation and practice of trustee ‘fiduciary duties’ more vexed and challenging than ever. A recent review of fiduciary duties in the UK by the Financial Markets Law Committee (FMLC) put it this way: “It is sometimes easier to state the duties than it is to apply them.”
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Country ReportMercer’s upbeat vision for UK pension funds and their investment advisers
James Lewis, UK CIO at Mercer, is optimistic about the future of the UK’s DB and DC industries
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NewsABP to reduce investments in emerging markets
The fund believes it no longer pays to be overweight the region given the expected returns for emerging market assets
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NewsSmall DB schemes unlikely to run on beyond buyout funding level due to costs
Hymans Robertson finds that the cost of running a small DB scheme is four times the cost of running a large scheme
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NewsAP4 resets long-term scenarios amid US trade worries
Swedish pensions buffer fund CEO sees political environment remaining problematic for years
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NewsFondo Gomma Plastica to create equity mandate investing in Italy
The scheme is working on the equity mandate with other pension funds joining as part of a consortium
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AnalysisSwiss pension funds hold onto private equity investments
Schemes stick to strategic quotas, pushing back on government plans to support local economy
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NewsFinland’s Elo cites hedge funds, listed equities as Q1 drivers
Pensions insurer makes 6.5% return on hedge funds as weighting increases in portfolio
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NewsCassa Forense boosts total assets to €17.63bn
The pension fund for lawyers in Italy tightened the grip on costs as the number of members decreased by 1.3% year-on-year in 2023
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsNest Sammelstiftung issues CHF200m private equity tender
Interested applicants have until 10 May to apply
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NewsSampension, KLP says Shell conceded over lobbying after its efforts
Danish, Norwegian pension funds linked up with ACCR to file shareholder proposal for transparency over oil giant’s EM climate and energy lobbying
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NewsItalian schemes bolster ESG standards in private equity allocations
Research shows that 57% of Italian institutional investors directly buy private equity products in line with ESG criteria
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NewsDanish watchdog raps two PKA pension funds over private equity
Pension funds’ boards need to be more specific about private equity intentions, FSA tells PKA-run funds
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NewsFRR nets 9.68% in 2023 as return asset boost brings H2 benefits
Reserve fund also announces that CIO Salwa Boussoukaya-Nasr has been appointed to executive board
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NewsCredit Suisse Pensionskasse adjusts plans following UBS integration
Credit Suisse’s scheme will close down 1e pension plans
