passive management

Fees

GPIF fee structure aligns interests

The world’s largest investor restructured how it pays its active mandates to get more certainty from managers. Its actions, which were taken after self-reflection, will affect the entire sector.

Amanda WhiteJune 25, 2018

Asset Classes

GPIF seeks better beta through ESG

You can't beat the market if you are the market. That's reality for Japan's behemoth pension fund; therefore, it looks to improve overall returns by engaging and investing with an ESG focus.

Amanda WhiteMarch 14, 2018

Asset Allocation

A strategy to believe in

Nevada’s public pension plan only pays 11 bps in total costs due to 80 per cent of the fund being indexed. But CIO Steve Edmundson says low fees are a byproduct, not the reason for the strategy.

Simon HoyleAugust 10, 2017

Opinion

Passive managers, active ownership

Passive managers have greatly increased their market share. It’s more important than ever that they show best practice in active ownership by engaging on ESG issues and focusing on the long term.

Sarika GoelMay 1, 2017

Uncategorised posts

UK watchdog set to back pension mergers

The UK Financial Conduct Authority’s upcoming report is expected to call for consolidation in pension funds, tighter controls on active management fees and greater transparency.

Sarah RundellApril 28, 2017

From the CIO’s chair

Active? Only when necessary

High management margins and low returns will continue to push owners towards passive investments. But active managers can add value in asset classes that require special expertise or access.

Stefan DunatovApril 11, 2017