Strategy
Get the latest news on pension fund and investor strategies, plus in-depth analysis of industry successes and tactical U-turns
Latest news
German pension funds turn to Asia due to concerns over US assets
SOKA-BAU aims to increase its overall allocation to Asian assets to 35% of its total portfolio, up from the current 12.7% level
Nordic pensions heavyweights look for silver lining amid limited Q1 losses
ATP’s Præstegaard emphasises importance of guarantees in unpredictable times, while NBIM turns in a small loss for Q1
People’s Partnership builds in-house capability to lead private markets drive
People’s Pension provider will have in-house capability needed to build on ambition to invest 10% of its growth pool assets in private markets by 2030
PKA sells quarter of private equity arm to Danish company pledging €1bn
Lars Larsen Group buys stake in IIP after Danish pension fund manager spent time searching for right partner
How Italy’s first-pillar pension funds are navigating uncertainty
Enpab and Inarcassa have made bold asset allocation decisions to contain drawdowns, while Cassa Nazionale del Notariato is relying on diversification
#16 Leaders in Investment podcast: Conversation with Barry Kenneth, Chief Investment Officer of the Pension Protection Fund
Barry Kenneth, Chief Investment Officer of the Pension Protection Fund, in conversation with IPE Editorial Director Liam Kennedy.
Danish pension funds keep board diversity as corporate governance priority
Pension funds gear up for 2025 voting season amid pressure on shareholder rights in US
Letter from Australia: super funds sanguine on US-led ESG pullback
Despite US backpedalling on climate change initiatives, Australia’s superannuation funds are taking a long-term approach to ‘green’ opportunities
Should pension funds increase their dollar hedge now?
US dollar’s downside risks have greatly increased under Trump’s second presidency. For Dutch schemes, upping protection is extra urgent during a time of transition to DC-based pension arrangements
How Italy’s first-pillar pension funds are navigating uncertainty
Enpab and Inarcassa have made bold asset allocation decisions to contain drawdowns, while Cassa Nazionale del Notariato is relying on diversification
Danish pension funds keep board diversity as corporate governance priority
Pension funds gear up for 2025 voting season amid pressure on shareholder rights in US
Letter from Australia: super funds sanguine on US-led ESG pullback
Despite US backpedalling on climate change initiatives, Australia’s superannuation funds are taking a long-term approach to ‘green’ opportunities
Dutch pension funds hedge equity risk in run-up to DC transition
While some funds have sold part of their equity exposure, more are likely to use options to reduce the downside risks to their listed equity investments
NBIM’s foray into hedge funds fails to impress Norwegian critics
Hedge fund strategies could divert management’s attention from SWF’s core financial operations, warns Oslo professor
FTN invites tenders for SEK46bn active Swedish, European small-cap funds
Swedish Fund Selection Agency reveals subsequent procurement will be for IT, communication sector funds
APG AM chief vows improvement after ‘below standard’ 2024 returns
The Dutch asset manager’s actively managed concentrated portfolios especially underperformed, posting returns less than half of those of their benchmarks
Ircantec invests €800m in customised active global equity solution
Mandate is based on Nordea AM’s BetaPlus Responsible Enhanced Equities Strategies
Swedish tender for €4.5bn small-cap mandates
Manager search covers actively managed funds in national framework
France’s FRR awards Japanese equity mandates worth €400m
The fund appointed FIL GESTION, Nomura Asset Management Europe, and Lombard Odier Funds for a five-year contract
APG AM chief vows improvement after ‘below standard’ 2024 returns
The Dutch asset manager’s actively managed concentrated portfolios especially underperformed, posting returns less than half of those of their benchmarks
Velliv finds new CIO in Nordea AM’s private markets chief
Lea Vaisalo will preside over index-based strategy, whose advent involved exit of alternatives, active equity teams
Denmark’s PFA moves equities closer to benchmark but stays active
Danish commercial pensions heavyweight puts more equity risk into customer profiles, continuing Danish journey to market-rate pension saving
Velliv drops active equity, alts teams ahead of new CIO, as strategy turns index
Alternatives chief Christoph Junge surprised when whole alts team was made redundant yesterday; Velliv to cut external manager costs
DeepSeek’s arrival increases risk for passive investors
But it provides upside for companies that use AI applications, or are keen to start doing so, according to investment experts
Northern Trust AM scoops up APG quant quartet
The team had been made redundant as APG terminated its quant strategy offering last year
Have factor investing strategies had their day?
Factors have inspired indices, spin-offs and a variety of investment strategies but it has become hard to argue that they will offer investors a persistent future premium
Equities: Active investors keep their eye on the prize
As equity markets enter a new phase after the August 2024 sell-off, institutions are sticking to their long-term active equity approaches
E.ON: All charged up to build resilient investment portfolios
Stefan Brenk, head of asset management and pension finance at E.ON, tells Luigi Serenelli about the German utility’s approach to managing its pension assets
BoE launches repo facility to help tackle severe Gilt market dysfunction
The CNRF will lend to participating insurance companies, pension schemes and LDI funds to help maintain financial stability
UK investment industry rules out LDI Crisis 2.0 as bond yields soar
UK 10-year Gilt yield rose to 4.93% today following increased borrowing costs from government
Case study: Caja de Ingenieros Gestion - The rise of smart beta
The Spanish pension provider Caja de Ingenieros Gestion serves more than 215,000 members, predominantly from the Spanish engineering sector, using an investment style based on independent analysis, with a bottom-up approach.
Smart beta pioneer reignites debate on factor timing
Research Affiliates founder Rob Arnott finds ‘most factors look very cheap’ in a new paper highlighting the attractiveness of many equity factor strategies
Viewpoint: Alternative risk premia strategies stand tall amid turmoil
While bond and equity markets have been pummeled in 2022, Alternative Risk Premia strategies have at last been able to demonstrate their diversification prowess. Will this year’s performance restore investor confidence in these strategies after the painful results of 2020?
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