Investment Archives - Page 24 of 112 - Pension Policy International

25OctOctober 25, 2023

World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss of 374 billion Norwegian kroner ($34 billion) in the third quarter, citing a weaker three-month period, compared with the first half of the year. The results were still 0.17 percentage point stronger than the return on the fund’s benchmark index. The fund last reported a quarterly loss...

October 25, 2023

NewsInvestment, Norway, Pension Management

23OctOctober 23, 2023

US. Private equity is past its peak, warns Pulitzer Prize-winning

A new business book calls into question the business model of private equity and argues the strategy won’t generate the same returns as in prior decades. Since the 1970s and 1980s, firms such as Apollo Global Management, Blackstone, Carlyle Group and KKR & Co., among others, made money in leveraged buyouts, more recently dubbed private equity, in which the firms buy up companies using investor assets, leverage them and aim for more efficiencies and higher profits. Institutional investors have come to...

October 23, 2023

NewsInvestment, Pension Management, US

23OctOctober 23, 2023

UK. Billions in local government pensions invested in fossil fuels – analysis

Billions in local government pensions have been invested in the fossil fuels industry, according to new analysis. Environmental campaign groups Friends of the Earth and Platform London analysed data gathered through Freedom of Information requests. The groups said they were able to analyse data covering 75% of the assets under management for the Local Government Pension Scheme (LGPS) – one of the largest schemes in the country – for the financial year 2021/2022. They found at least £12.2 billion invested in fossil...

October 23, 2023

NewsESG, Investment, UK

20OctOctober 20, 2023

Global Pension Risk Survey: UK Findings 2023/24

By Aon The Global Pension Risk Survey has been running every two years for over a decade and it gives the pension industry great insight into how the pensions landscape has developed. The 2023 findings show that many pension schemes are grappling with recent challenges including persistent high inflation, rising interest rates and a raft of regulatory change. Schemes are having to prioritise carefully which actions they will address and when, while also navigating the risk of non-compliance as well as...

October 20, 2023

Books, Books, Pension Management, Reports2023, Investment, Pension Management, Risk

20OctOctober 20, 2023

Artificial Intelligence Policy: A Primer and Roadmap

By Ryan Calo Talk of artificial intelligence is everywhere. People marvel at the capacity of machines to translate any language and master any game. Others condemn the use of secret algorithms to sentence criminal defendants or recoil at the prospect of machines gunning for blue, pink, and white-collar jobs. Some worry aloud that artificial intelligence will be humankind’s “final invention.” This essay, prepared in connection with UC Davis Law Review's 50th anniversary symposium, explains why AI is suddenly on everyone's mind and...

October 20, 2023

Articles, System Sustainability2023, AI, Innovation, Investment, Pension design, Public Policy, Technology

20OctOctober 20, 2023

UK. Government urged not to direct pension fund investment policy

The Pensions and Lifetime Savings Association (PLSA) has told the government that it should not direct the investment of defined benefit (DB) pension funds and should instead allow trustees to invest in assets that meet a scheme's risk-return characteristics and offer appropriate diversification. In a policy paper unveiled at PLSA’s Annual Conference 2023, the body called on the government and regulators to give DB schemes the freedom to take on more investment risk so that they can invest in assets...

October 20, 2023

NewsInvestment, Regulation, UK

19OctOctober 19, 2023

US. Inflation Spurs Rethink of Retirement Savings Strategy, Survey Shows

Two-thirds of Those Surveyed Aren't Confident They Will Be Able to Retire When They Want Inflation is creating more worries for retirement savers, with many now changing how they are saving and investing to meet those goals, a new survey shows. Persistently higher prices from inflation is leading 60% of retirement plan participants to think differently about retirement, according to the 2023 Global Retirement Survey from MFS Investment Management. Three-in-four said they now need to save more for retirement than they originally thought,...

October 19, 2023

NewsInflation, Investment, Retirement Planning, US

18OctOctober 18, 2023

Australia pension fund plans up to $1.3 bln in clean energy investment

Australia's third-largest pension fund expects to invest up to A$2 billion ($1.3 billion) in a venture specialising in smaller-scale solar and battery installations as the country overhauls its electricity network to produce clean energy. Aware Super, which manages A$160 billion, announced on Wednesday a A$300 million partnership with Birdwood Energy to finance distributed renewable energy projects, and expects its investment to grow to up to A$2 billion as more projects become ready for financing. The partnership's planned investments in smaller-scale projects,...

October 18, 2023

NewsAustralia, Climate crisis, ESG, Investment

11OctOctober 11, 2023

UK. TfL pension fund on track to reduce carbon emissions by 2030

The Transport for London (TfL) pension fund estimates that it will reduce its carbon emissions by 56% by 2030, according to its latest Net Zero Carbon Journey update. So far, the fund has reduced its absolute carbon emissions by 30% since 2016, despite the fund being 40% larger. The fund is also ahead of where it needs to be on its net-zero journey in its active public portfolio with a weighted average carbon intensity (WACI) reduction 18% ahead of target and...

October 11, 2023

NewsESG, Investment, UK

11OctOctober 11, 2023

Asia pension funds increase share of alternative assets

Asian pension funds are aggressively diversifying their portfolios to include alternative investments in a bid to circumvent the volatility of traditional asset classes and manage liabilities more efficiently. A new report by Cerulli Associates found a rising trend of pension funds seeking more stable returns across market cycles and additional income avenues such as private credit and real assets. “The potential to deliver strong absolute and risk-adjusted returns and beat inflation are key reasons Asia-Pacific ex-Japan pensions are investing in alternatives,” Shaun Ng,...

October 11, 2023

NewsAsia, Investment

October 2023