Allocations

The $189bn pension has launched a low-carbon index to deal with the “market realities” associated with climate change and the shift to a low-carbon economy.

The Toronto fund manager’s latest vehicle is twice the size of its predecessor and the largest infrastructure fund ever raised.

Scott Davis was promoted to CIO from deputy CIO and Bo Ramsey to deputy CIO from director of PE at the Indiana Public Retirement System.

Fund of funds and secondaries prove most popular strategy choices.

The pension has about half of its $2.98bn infrastructure portfolio invested across UK energy. CIO Claus Stampe says Brexit will not influence current projects, but would not talk about future ones.

Japan’s Government Pension Investment Fund, one of the world’s largest pensions, is diving deeper into infrastructure. Expect smaller fish to follow.

Announcing its allocations for Fiscal Year 2017, the sovereign wealth fund said it may approve an additional $200m to infrastructure "if warranted".

The US pension has upped its exposure to the asset class by investing in BIF III and Stonepeak Infrastructure Fund II’s side-car vehicle.

Out of 235 institutions surveyed, more than one-third plan to increase their exposure to infrastructure over the next three years so as to manage liabilities, a study finds.

Roughly one-third of pension executives in 20 countries polled by State Street said that their schemes were likely to increase the infrastructure allocations in the next three years.