US - Iowa Peace Officers Retirement System has adopted the Dow Jones Wilshire Index Family, to benchmark its equity investment portfolio and monitor fund managers.
The decision was made after the US$300m public pension fund and the treasurer of the State of Iowa conducted a series of studies on the value of the Dow Jones Wilshire Indexes as a tool to monitor their domestic equity manager’s process and performance.
Iowa State treasurer Michael Fitzgerald said: "The Dow Jones Wilshire Indexes are an important benchmarking tool that helps us oversee our equity managers more effectively by providing the most accurate comparison of active and passive investment strategies.”
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HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.