UniSuper is spearheading Australian super funds as alternative sources of institutional‐grade debt funding through an allocation of $264 million to Australian commercial mortgage backed securities (CMBS).
Dysfunctional boards should be weaned off implementation: Ambachtsheer
In November the International Centre for Pension Management at the Rotman School, University of Toronto will launch its board effectiveness program, which director Keith Ambachtsheer hopes will help overcome the dysfunctionality of pension fund boards – which have a desire to implement rather than oversee.
CalPERS sets up new benchmarks
In the first move to implement the new strategic asset allocation approved in December, CalPERS has introduced a raft of new benchmarks including composite benchmarks for the new asset classes of growth, real and liquidity created under the restructure.
Australia ponders mining SWF future
The wealth generated by Australia’s mining boom is presenting a dilemma for the Australian Federal Government, with decision-makers at the crosspaths of what to do with it. Calls are increasing for the establishment of a sovereign wealth fund, with economists saying the time is right if the Federal Government delivers on its promise of a budget surplus.
Alaska fund moves external CIOs into risk culture
Half way through a five-year plan, the Alaska Permanent Fund, has a new risk culture, which affords the investment team freedom, and is just about to embark on a new strategic asset allocation, which includes expansion of its external CIO program, as part of a drive for further diversification.
Great year for Ontario Teachers still not good enough
Pity the folks at Ontario Teachers’ Pension Plan. They shot the lights out with investment performance last year and the fund is still in the red.
