NZ Super revamps factor portfolios, continues impact journey
NZ Super Fund has undertaken a comprehensive overhaul of its multi-factor equities portfolios in pursuit of sustainability integration, with an emphasis on striking a delicate balance between meeting ESG goals and securing factor alpha. In collaboration with external...
Oregon’s OPERF charts progress in hedge fund overhaul
The Oregon Investment Council (OIC - Oregon State Treasury) is making significant strides in overhauling its investment portfolio, signalling a promising future for the $95.4 billion Oregon Public Employees Retirement Fund (OPERF). In the hedge fund space, OIC has...
Canada’s TTCPP: The new kid on the block
Canada's TTC Pension Plan (TTCPP) offers a valuable lesson in investment strategy and cost management for pension plans seeking autonomy. TTCPP's decision not to merge with OMERS showcased a well-considered governance and financial health, setting the tone for its...
U.S. public pension funds unlikely to hit investment targets this year – report
The "State of Pensions 2023" report from Equable Institute suggests that state and municipal pension funds are likely to fall short of their investment targets this year. As a result, they are not expected to see significant improvements in their unfunded liabilities...
Has the Lack of Asset Diversification in DC Retirement Plans Been a Costly Missed Opportunity?
Over the past few years, the retirement industry in the US, and beyond, has witnessed a shift from defined benefit (DB) to defined contribution (DC) plans. This trend is evident in mature retirement markets like Canada, the UK and Australia, where DC plans have become...
Norway SWF tops list of most transparent funds globally
The 2023 Global Pension Transparency Benchmark results show signs of progress in the financial industry. Norway's Government Pension Fund Global (Norges Bank Investment Management) taking the top spot reflects a heightened focus on transparency and improved practices...
GPIF to monitor risk, profitability after strong Q4 results
The Government Pension Investment Fund (GPIF) of Japan achieved a positive rate of return of 1.5% for fiscal year 2022 (ending March 31, 2023) despite facing market volatility. The strong performance in the fourth quarter, with a 5.41% return, helped offset negative...
One in six asset management groups to disappear by 2027, says PwC
The asset management industry is set to undergo significant consolidation in the next four years, with one in six companies expected to disappear or be acquired by larger groups according to a recent survey conducted by PwC UK. The survey, which involved 500 asset...
Analysis: Dutch pension fund reform spells investment rethink
The upcoming overhaul of the Netherlands' private pensions system, the largest in the EU, is set to trigger a significant transformation in investment strategies for asset managers handling retirement savings worth 1.5 trillion euros. With a change from defined...
AP7 shifts gears as boosted alternatives allocation comes to life
Sjunde AP-fonden, AP7's recent investment in real estate marks a significant step toward building a less equity-dependent investment strategy. The new regulations, allowing AP7 to allocate up to 20% of its assets to alternative investments, have been long-awaited and...
Adapting Public Pensions in an Evolving Investment Landscape
The landscape of public pensions is undergoing a significant transformation, requiring a proactive approach to risk management and operational efficiency. As they face a structural inflection point marked by a new inflationary era and recession concerns, pension...
Alecta joins shift to passive, following losses on concentrated equities bookProfitability remains a strategic priority for asset managers
Alecta, which manages the retirement funds for a quarter of Sweden’s population, has announced that it is planning on including passive equity to the asset allocation of its defined benefits plan. This follows a strategic review, started last December but undoubtedly...