New Zealand’s sovereign wealth fund made a big brave decision in the eye of the storm early last year and introduced a new dynamic asset allocation strategy. The strategy, driven by in-house analysis, involved several large bets on global markets. As Greg Bright reports, the decision seems to have paid off.
AIMCo splits top job, beefs up investment team
The C$69 billion ($66 billion) Alberta Investment Management Corporation (AIMCo) will split its chief executive and chief investment officer roles, with Leo de Bever retaining the chief executive position, while a search is underway for a new CIO.
…while Ministry of Finance dictates new guidelines for responsible investing
Norges Bank, the manager of the $456.4 billion (NOK 2,549 billion) Government Pension Fund Global, will integrate considerations of good corporate governance and environmental and social issues into its investment activities under an ambitious new requirement set out by the Ministry of Finance.
Timber the next new thing for Aussie sovereign fund
The A$66 billion ($58 billion) Australian sovereign wealth fund, the Future Fund, is doubling its allocation to “tangible assets” and will soon make its first allocation to the timberland sub-asset class.
Manager shakeup at Norway’s SWF as real estate approved…
A shakeup of service providers is expected at Norway’s $456.4 billion (NOK 2,549 billion) Government Pension Fund Global, as the sovereign wealth fund gains approval to invest up to 5 per cent in real estate, at the expense of bonds, at the same time it looks to fill equities mandates in 21 different regions and sectors.
Private sector reform needed for US public funds: report
US public sector pension funds will have to take a radical private-enterprise approach to reforming employee benefits and revising investment expectations if funds are to fulfil their obligations to existing and new employees.
