The $141.8 billion Florida State Board of Administration has finalised a list of six timber managers, as it moves towards allocating capital to the timber asset class, as part of its strategic investments allocation.
Asset allocation has bumped alternative investments as the top investment issue for Canadian defined benefit pension plans, but asset-liability matching will take the cake in the next three years, according to a study by Towers Watson.
Capitalising on opportunities arising from the financial crisis, including savvy private equity, real estate, infrastructure and private debt deals, marked a successful fiscal year for the Canadian Pension Plan Investment Board which recorded one of its highest ever annual returns.
The S$172 billion ($120 billion) Singaporean investor, Temasek, has made a number of changes to its executive management structure, separating the executive director and chief executive positions and appointing a dedicated head of portfolio management.
This new research by MSCI Barra explores the conditions necessary for a portfolio with a levered fixed-income allocation to achieve lower volatility and a better risk-return profile than an unlevered portfolio.
One year into building a global private equity program, alongside its advisor StepStone, an A$97 billion ($78.8 billion)Â Australian large multi-manager posted a booming 200 per cent return on the back of some fortuitous secondaries investments. Simon Mumme reports.
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