CIO Profile: Running the Largest Pension for Europe’s Richest Population
The CIO of Switzerland’s PUBLICA pension outlines his views on private debt, ESG, and a top heavy membership.
News
Eastern Appetite for Alternatives Balloons
A multi-billion dollar Taiwanese pension fund is ramping up its allocation to hedge funds.
PIMCO Hires Economist Paul McCulley for the Third Time
The $1.94
trillion firm has recruited the former PIMCO senior executive and renowned
economist to reassure clients in trying times.
BlackRock: Charge Investors to Exit in Times of Stress
The US asset management giant argues for redemption
fees to stop runs on funds in an investigation into financial stability.
Church of England to Boost Private Equity and Infrastructure after Strong 2013
The Church Commissioners Fund plans expansion of private
equity holdings and defensive equity managers.
Future Fund Hires ESG Risk Management Chief
The $96.5
billion Australian sovereign wealth fund has enlisted Joel Posters from the
Netherlands to lead its ESG efforts.
Redesigning US Public Pension Plans (in the Netherlands)
Research has
found raising contributions, reducing indexation, and changing portfolio
asset allocations could help improve plans’ financial health.
Texas Pension Drops Credit Suisse After Guilty Plea
Texas ERS has suspended its trading with the Swiss bank indefinitely as of May 21.
Is it Time to Drop the ‘ES’ from ESG?
Research from Hermes suggests “governance” is the factor
that creates positive returns.
Infrastructure Deals Fuelled by Record Leverage in 2013
Infrastructure buyers borrowed $256 billion to finance deals last year, although total value of deals remained flat year-on-year.
ABP Loses Chairman
Europe’s largest pension fund is to lose its chairman of trustees.
Norway Lobbies for Private Equity and Infrastructure
The Norwegian SWF is lobbying government in a bid to diversify from equities and bonds into more illiquid assets.
UN Pension Staff Resist Move to Empower CEO
Nearly 10,000 people have a signed a union petition opposing the CEO’s attempt to internalize pension staffing decisions, among other practices.
Princeton Staff Score Hefty Pay Raises in 2013
The $18.2
billion endowment’s top three staff was paid almost $3 million more in 2013
than the prior year, with its leader earning the highest compensation in the
university.
NJ Gov. Pulls $2.5B in Pension Funding for Budget Hole
Chris
Christie, facing a budgetary crisis, said the state will cease to
pay for past administrations’ “sins,” and cover pension costs only for active employees.