active management

Investor Profile

Controlling strategy inhouse at UK coal scheme

Until a few years ago, every aspect of the investment strategy at the UK’s £20-billion ($32-billion) coal industry pension scheme was outsourced. The main inhouse task at the pension fund was benefit payment but now, in a fresh approach spearheaded by straight-talking 38-year old New Zealander, Stefan Dunatov, the new chief investment officer of the […]

Sarah RundellNovember 21, 2012

Investor Profile

USS powers into diversity

In the past few years the £34-billion ($54.7 billion) Universities Superannuation Scheme (USS) has substantially diversified its asset allocation, including a large alternatives allocation, and extended its investment team from 65 to 105. In the latest chapter of the fund’s investment department reincarnation, from October this year a separate but fully owned USS company, USS […]

Amanda WhiteOctober 31, 2012

Emerging Markets

Consultants advocate active EMD management

Consultants are recommending investors have as much as 10 per cent of their fixed-income portfolio in emerging markets debt with endowments, public pension funds and even some corporate clients using liability driven investment strategies showing increasing interest in the asset class. Top1000funds.com spoke to consultants from Callan Associates, Hewitt EnnisKnupp, Cambridge Associates and Russell Investments […]

SAM RILEYJuly 18, 2012

Investor Profile

New Mexico boosts opportunistic credit allocation

While active management has been the biggest contributor to the outperformance of the New Mexico Educational Retirement Board in the past year, the fund has a firm focus on the value of asset allocation. With this in mind it recently changed its long-term policy allocation, dramatically increasing the allocation to credit opportunities from 5 per […]

Amanda WhiteJanuary 19, 2011

Uncategorised posts

Average is OK in active management

At times when markets are moving around more than usual, such as in the past three years, institutional investors tend to pay more concern to the value of active management. New global figures from Mercer show that while they should be concerned there is still value to be found in active management.

GREG BRIGHTJuly 14, 2010