PGGM Investments, whose main client is the €75 billion ($107 billion) Pensioenfonds Zorg en Welzijn (PFZW) in the Netherlands, is well on its way to achieving its goal of becoming a commercial manager of pension fund assets, with more funds due to come on board soon. Else Bos, chief executive officer investments, spoke to Kristen Paech about PGGM’s commercial ambitions and the virtues of passive management.
Pension funds no longer view the emerging markets as a tactical play, instead considering the region a strategic allocation within their portfolios. Murray Davey, managing director and chief investment officer – global emerging markets at UK-based Rexiter tells Kristen Paech why.
The $14.7 billion Mubadala Development of Abu Dhabi is believed to be slating co-investments totalling $1 billion in the Malaysian energy, real estate and hospitality industries with a newly formed sovereign wealth fund from the Asian nation.
The Investors’ Working Group (IWG) has urged the US Government to set up an independent authority to monitor the activities and risk exposures of dominant financial institutions and advise regulators on ways to mitigate current and emerging risks in the financial system.
The financial crisis has placed defined contribution (DC) pension provision firmly under the spotlight. The dramatic falls in fund values observed for most members during 2008 have been drawing attention to the risks inherent in DC pension provision and focusing attention on how employees,
employers and plan fiduciaries can better manage their DC pension plans. In this paper, Watson Wyatt explores the future of DC governance.
America’s two largest pension funds both lost around a quarter of their market value in the fiscal year ended June 30, in what was the biggest ever single year decline for CalPERS.