Hedging

Investor Profile

ATP returns hit again by large allocation to bonds

The $102 billion Danish pension fund, ATP, returned just 3 per cent in its return-seeking allocation in the first half of this year, buoyed by its foreign and Danish equity portfolios but pulled down by rising interest rates negatively impacting the large allocation to bonds.

Sarah RundellSeptember 3, 2024

Asset Allocation

USS: Low leverage and US exposure helped navigate UK bond market turmoil

Speaking at USS’s 2022 Institutions’ Meeting, Simon Pilcher told stakeholders that the asset manager had navigated market turmoil in the UK bond market by having less leverage than peer funds and diversification, explaining USS also hedges inflation and interest rate risk with US bonds.

Sarah RundellDecember 21, 2022

Investor Profile

AP1: In these markets, fortune favours the bold

Formulating strong views and daring to act on them have been critical success factors for Sweden's buffer fund AP1. And they will remain so going forward says CEO Kristin Magnusson Bernard.

Sarah RundellAugust 11, 2022

FIS Chicago 2022

Investors prioritise governance, tilts and liquidity

In a wide-ranging session at the Fiduciary Investors Symposium at Chicago Booth School of Business investment executives from HOOPP, CalSTRS, USS and Cbus reflect on the need for strong governance in the current climate, diversification and liquidity.

Sarah RundellJune 9, 2022

Investor Profile

UK’s BTPS forges independent identity

Since splitting from its former inhouse manager, Hermes, the £50 billion British Telecom Pension Scheme has set about redefining itself. With a self-reliance borne of technology, the fund has brought portfolios and functions inhouse and started a bigger push into mature infrastructure.

Sarah RundellNovember 14, 2018

Asset Allocation

ATP factors in many adjustments

Denmark's $126.9 billion ATP has excelled using allocations to risk factors such as interest rates and inflation, along with frequent tinkering - all based on a robust decision-making process.

Sarah RundellApril 3, 2018

Investor Profile

ATP returns hit again by large allocation to bonds

Asset Allocation

USS: Low leverage and US exposure helped navigate UK bond market turmoil

Investor Profile

AP1: In these markets, fortune favours the bold

FIS Chicago 2022

Investors prioritise governance, tilts and liquidity

Investor Profile

UK’s BTPS forges independent identity

Asset Allocation

ATP factors in many adjustments

Local Pensions Partnership

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