Pension Fund Strategy – Page 7
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News
Monte dei Paschi scheme to make further investment in private markets
The pension fund has issued a tender for infrastructure, private debt and private equity
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News
Lothian Pension Fund strengthens internal resources to focus on responsible investment
LPF plans to grow its responsible investment team over the next 12 months
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News
Dutch pension fund sets up new member-engaging approach on sustainability
The initiative provided ‘an unparalleled in-depth picture of members’ perspectives on the future, their values, and on their collective recommendations of responsible investing’
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Analysis
Investment governance of Swiss pension funds is put to the test
CFA Society Switzerland position paper sets recommendations to fine-tune the investment governance of Swiss pension funds
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News
CERN pension fund posts negative returns while other schemes rebound
Swiss pension funds achieved average net returns of 5.1% in 2023, according to Swisscanto
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News
Bayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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News
KENFO overshoots target return as it continues illiquids expansion
The pension posted a return of 11.1% in 2023, the highest annual return to date, compared with -12.2% in 2022, and against a target return of 4.2%
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News
Velliv invests €94m in Nuveen private equity impact fund
Asset manager raises around $200m for its second private equity climate inclusion strategy
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News
Swiss scheme expands credit investment to banks and infrastructure companies
LUPK’s funding ratio rose by 3.8 percentage points year-on-year, from 105.9% in 2022 to 109.7% in 2023
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News
ATP and PFA draw IPO lessons as they settle OW Bunker case
Danish pensions heavyweights among €86.5m group settlement; ATP says cost of continuing through courts ‘would run into millions’
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News
Intesa Sanpaolo DB fund picks managers for equities, bonds
Several mandates were re-tendered, with Eurizon Capital picked for bonds, Schroders for global equity, Azimut for European equity, and Pictet for US equity.
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News
Greater Manchester Pension Fund adopts pass-through voting
GMPF can now uniformly apply its voting policy across both segregated and pooled funds, allowing it to directly influence decisions on critical issues
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Asset Class Reports
NEST’s outsourcing strategy
When NEST was weighing up whether to outsource some of its private markets allocations, the decision was not straightforward.
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Asset Class Reports
PenSam focuses on funds
Four European pension schemes outline their activity in the private credit market
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Interviews
Preparation is key to countering pensions cyber risk
Pension funds face very real cyber security risks and must prepare for regulatory changes, such as the EU’s Digital Operational Resilience Act. IPE asked European pension funds about their strategies to deal with cyber crime
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Asset Class Reports
Compenswiss: a newcomer to private credit
Four European pension schemes outline their activity in the private credit market
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Country Report
ENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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Country Report
Previmoda fine tunes for better results
In 2023, Previmoda, the pension fund for the fashion and textile sector, rejigged the strategic asset allocation of its sub-funds Smeraldo Bilanciato, which has a higher exposure to fixed-income, and the equity-focused Rubino Azionario.
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Country Report
CDC pension fund benefits from a steady stream of young members
The Cassa Dottori Commercialisti (CDC) is one of the most sustainable casse di previdenza, the Italian privatised first-pillar funds for professionals, thanks to prudent asset allocation and the CDC’s policy to attract young Italians to the chartered accountancy profession.
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Interviews
ATP's long game in investment strategy
Christian Kjaer, head of liquid markets at Denmark’s ATP, talks to Carlo Svaluto Moreolo about the institution’s liquid assets portfolio and his knack for game theory.