costs

Asset Allocation

Penn PSERS trims leverage, adds fixed income and hones in on fees

The $71.9 billion Pennsylvania Public School Employees' Retirement System has reduced net leverage, added fixed income and continues to shave costs off its external investment management fees, mostly by reducing private allocations. The trimming and shifting of the portfolio is part of an adjusted SAA responding to ongoing market changes.

Sarah RundellSeptember 12, 2023

Fees

MassPRIM’s laser focus on fees

MassPRIM credits a crucial element of its investment success to a laser focus on controlling costs. Costs, alongside risk and return, comprise three philosophical pillars that shape investment and in the fiscal year 2024 cost saving measures include no-fee co-investments in private equity and direct investments in real estate.

Sarah RundellAugust 14, 2023

Uncategorised posts

PFZW nails down costs; economies of scale pay off

Dutch fund PFZW manages to keep a lid on costs which fell to 0.42 per cent of invested capital last year, comfortably below its target of no more than 0.50 per cent of assets. Economies of scale pay off despite private markets accounting for well over three quarters of total.

Sarah RundellMay 23, 2023

Fees

Costs drive ABP’s switch to passive in public markets

Managing costs is the central driver behind €470 Dutch civil service scheme ABP’s recent decision to switch much of its public market allocation to passive, index-led strategies, according to a spokesperson at the fund. The low-cost strategy at Europe’s largest pension fund is accompanied by sustainability and simplification priorities.

Sarah RundellMay 11, 2023

Global Pension Transparency Benchmark

GPTB refines process to promote, even greater, transparency

Increased scrutiny on the transparency of disclosures is driving measurable improvements among some of the world’s largest asset owners, as refinements to the Global Pension Transparency Benchmark methodologies and board oversight boost attention on transparency.

Amanda WhiteMay 11, 2023

Featured Story

UN Pension Fund back on track after 2022, as low costs pay off

The United Nations Joint Staff Pension Fund, UNJSPF, is clawing back 2022 losses with assets under management currently valued at $82 billion and the fund experiencing a positive return of 5 per cent so far this year.

Sarah RundellApril 26, 2023

Asset Allocation

Penn PSERS trims leverage, adds fixed income and hones in on fees

Fees

MassPRIM’s laser focus on fees

Uncategorised posts

PFZW nails down costs; economies of scale pay off

Fees

Costs drive ABP’s switch to passive in public markets

Global Pension Transparency Benchmark

GPTB refines process to promote, even greater, transparency

Featured Story

UN Pension Fund back on track after 2022, as low costs pay off

Local Pensions Partnership

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