Allocations

Despite falling short of last year’s $250m investment target, the US pension said it still plans to allocate 4% of its overall portfolio to the asset class by 2020.

The $2.29bn Aussie super fund singled out its partnership with Whitehelm Capital as ‘key’ to the outperformance.

Along with making its fourth infrastructure investment, Chicago Policemen’s Annuity and Benefit Fund has increased its target allocation to the sector from 2% to 4%.

Harvard Management Company, which has an infrastructure allocation target ranging from 6% to 16%, is also cutting staff headcount by half and shifting its strategy to become a generalist organisation.

The $1.4trn Japanese pension fund is moving into a more dynamic selection process and integrating ESG factors in its investments as it hopes to become a role model for Japanese investors.

With the exception of Australia, the Canadian pension does not have exposure to Asian infrastructure.

The removal of restrictions on asset holdings by Solvency II, coupled with low fixed income returns, is encouraging insurers to allocate more cash to alternatives.

Japan’s largest pension plan has issued an RFP for investment consultants to advise on its underweight alternatives portfolio.

The pension fund is committing $375m and $400m to two firms it invested with last December.

The Australian super fund said in August that it was aiming to deploy about A$1bn through direct investments in infrastructure.