CPPIB CEO Mark Machin ‘rings the alarm bell’ about not being too invested in the asset class.
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
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But study also finds divestment has no adverse effects on university portfolios.
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Seeking value amid low rates, rising risk and political uncertainty
It’s the second consecutive year of outflows in the industry as managers struggle to keep pace with the broader market.