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Investor Profile

Inhouse target: zero to
$40 billion in 4 years

If everything continues on schedule, the $60-billion AustralianSuper will begin testing its new internal investment-management systems this month, with a view to managing its first money in house in the third quarter of 2013. Within four years the fund expects to manage as much as $40 billion in house, funded primarily from cash flow, and […]
Simon HoyleMarch 22, 2013
Research

A Framework for Examining Asset Allocation Alpha

Recognising that different asset allocation portfolios are suitable for investors with different needs, Jason Hsu and Omid Shakernia think it is probably too ambitious to establish a unifying structure for determining benchmark asset allocation portfolios. Instead, they propose a framework for thinking about asset allocation alpha, assuming that investors have suitably determined their asset allocation policy portfolio. And the framework is: […]
STAFF WRITERMarch 20, 2013
Investor Profile

Sustainability sets solid base at Germany’s MetallRente

Germany’s MetallRente has made quick progress since its foundation by trade unions in 2001. It has grown into Germany’s biggest multi-employer pension provider, boasting €3 billion ($3.87 billion) in assets, and counts a mammoth 21,000 companies as customers, from within the metal industry it was set up to serve and beyond. In the past two […]
Dan BillinghamDecember 12, 2012
Uncategorised posts

Natixis champions
Asian alternatives

In a bid to achieve long-term returns without incurring the risk of today’s choppy markets, Asia’s biggest institutional investors are increasingly opting for alternatives in their asset allocation. The majority of respondents in a survey of 120 Asian institutional investors no longer deem long-held industry norms – such as lengthy holding periods or conventional 60/40 […]
Sarah RundellSeptember 28, 2012
Uncategorised posts

In-house not for
every house: WSIB

While the trend for most large institutional investors is to insource asset management, the $85-billion Washington State Investment Board (WSIB) has decided to take a different path. Much-cited CEM Benchmarking research shows that funds with internal-management platforms are better performers after cost, and this is largely driven by the lower costs of internal management. Many […]
Amanda WhiteSeptember 14, 2012
Uncategorised posts

Three-way shift in investor behaviour

There are three major behavioural shifts occurring among investors that will have significant impact on asset allocation in the next 10 years, according to a year-long study by global head of research at State Street’s Center for Applied Research, Suzanne Duncan. An increase in investor sophistication, re-evaluation of the risk/return trade-off and more discernment over […]
Amanda WhiteSeptember 12, 2012
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