Fund’s performance last year was driven by active management decisions.
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Thanks to unlisted assets, AP6 fund beats the market and peers, but not its record from last year.
Preqin report says high pricing is putting pressure on future returns.
CEO Machin expects the next few years to be ‘much more challenging’ for investments.
Contributions remain stable, as funds face possible economic slowdown ahead.
But long-term returns fall well below target rates for endowments of all sizes.
Japan’s GPIF lost a staggering $136 billion due to Q4’s rout in equities.
$454.9 billion pension fund blames losses on market turmoil.