Strategy
Get the latest news on pension fund and investor strategies, plus in-depth analysis of industry successes and tactical U-turns
Latest news
UK Nuclear Liabilities Fund selects Brookfield to manage initial $1bn
The mandate is designed around the multi-decade nature of the fund’s liabilities associated with decommissioning eight of the UK’s nuclear power stations
Dutch retail scheme changes mind and buys put option for 80% equities hedge
Pensioenfonds Detailhandel reveals 2025 study resulted in decision to hedge most of equity risk in run up to January 2027 transition to new pension system
Gildi and Festa merger creates second largest Icelandic pension fund
Merged pension fund would have almost as many assets as number one fund LSR, and nearly six times the number of participants
Deutsche Finance sues €122bn German pension fund over US real estate losses
Legal action has intensified a dispute over responsibility for losses from BVK’s US real estate investments, estimated at €853m
IPE Nordic Briefing: Norway’s NBIM eyes massive bonds cut
Plus: Pension fund consolidation in Iceland; Sweden’s AP2 beats AP3 and AP4 on half-year returns
IPE UK Briefing: Multi-employer CDC enters new phase
Plus: Standard Life secures £2bn through partnerships with CVC Capital Partners, Prudential Financial, Goldman Sachs and MS&AD
IPE Top 1000 Pension Funds 2026: Europe’s changing €10trn pension industry
The assets held by Europe’s Top 1000 pension funds are now worth well above €10trn, and despite occasional wide fluctuations in yearly growth rates, they have increased at a healthy pace of 4.6% per year over the past decade.
European pension assets maintain momentum
The headline figure of this year’s IPE Top 1000 Pension Funds study came in 5.4% higher than last year, reaching €10.55trn.
Top 10 European pension funds register AUM growth acceleration
The top 10 pension European pension funds have gained €222bn in assets since last year’s Top 1000 study, representing a 7% increase in AUM, compared with last year’s 6% growth.
Viewpoint: For European investors, public versus private markets is the wrong question
Kamal Bhatia, president and CEO of Principal Asset Management, argues that investors should instead care about how different exposures interact with each other
Macro focus: are today’s global imbalances a problem?
While macroeconomic imbalances are to be expected in a large global economy, their excessive growth is a significant threat to global stability
#31 Leaders in Investment podcast: Chris Hitchen – Chair of the Nuclear Liabilities Fund
In conversation with Liam Kennedy, Editorial Director, IPE
#32 Leaders in Investment podcast: Francois Trausch – CEO and CIO of PIMCO Prime Real Estate
In conversation with Richard Lowe, Editor in Chief, IPE Real Assets
Investors prepare for future equity markets, IPOs, and challenging governance models
Investment strategists and portfolio managers weigh the options for equity investors as tech-driven growth and momentum dominate markets, writes Carlo Svaluto Moreolo
Dutch pension fund Mediahuis NL sticks with active management despite rising cost
‘We are convinced it yields better long-term returns,’ pension fund says
Ilmarinen’s equity investment strategy: Handpicking the world’s best stocks
The biggest segment of Ilmarinen’s equity investment strategy is driven by sector-focused active stockpicking
Dutch GP fund pauses shift to concentrated equity strategy
Market volatility and underperformance prompt the pension fund for Dutch general practitioners to suspend transition to a concentrated equity portfolio
Boutique asset managers: The hidden cost of scale
Consolidation within the asset management world continues apace, but what are the constraints?
PME credits ESG filters for equity outperformance despite benchmark lag
Dutch pension fund says ESG screening enhanced equity returns, despite underweight to US technology
APG backs new STOXX ‘investable’ index framework, citing flexibility
Deutsche Börse subsidiary claims manager of Netherlands’ largest pension fund as one of two early adopters of its new IMI framework index product
Germany picks DWS-led consortium for €6bn corporate bond mandate
German public pension reserves will invest up to €6bn in a DWS-managed Paris-aligned European corporate bond fund
Dutch GP fund pauses shift to concentrated equity strategy
Market volatility and underperformance prompt the pension fund for Dutch general practitioners to suspend transition to a concentrated equity portfolio
PME credits ESG filters for equity outperformance despite benchmark lag
Dutch pension fund says ESG screening enhanced equity returns, despite underweight to US technology
Dutch transport fund lifts US equity allocation despite peer retreat
Vervoer increases US equities, defying peers while reviewing active strategies after prolonged underperformance
Border to Coast launches £2.6bn global multi-factor equity index fund
The proposition was launched with support from five of its partner funds: Tyne and Wear, Lincolnshire, Cumbria, Bedfordshire and Warwickshire
PGB switches to fully passive equity investing
The Dutch multi-sector scheme has concluded it is ‘difficult’ to achieve lasting outperformance in liquid markets
Northern Trust AM scoops up APG quant quartet
The team had been made redundant as APG terminated its quant strategy offering last year
Dutch funds scoop up short-term swaps amid DC transition
Pension funds need fewer long-duration hedging and more shorter-duration swaps to hedge interest rate risk in the new pension system
UK pension funds PPF and USS on LDI and fixed income risk management
The PPF takes a dynamic approach in its LDI portfolio, while USS’ head of fixed income outlines the scheme’s globally diversified rates hedge
Rising rates wipe out asset gains as Dutch pension returns fall to -2.9%
HAL pension fund, the €166m pension scheme of the owner of FD Mediagroep (IPE’s parent company) returned 14%
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