GPIF, ADIA: complex success

Diversification benefits are demonstrated in the r
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Ohio STRS warns of higher US recession risk; prioritises liquidity

Ohio STRS warns of higher US recession risk; prioritises liquidity

The State Teachers Retirement System of Ohio has warned of a “material” increase in US recession risk compared to last year as the fund braces for a wider, “negatively skewed” distribution of outcomes in the next 12 months. It came as the mature plan, which is 81 per cent funded, is tilting to fixed income and new asset classes like liquid alternatives over equities.

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CalPERS stays the course with portfolio

The $350 billion California Public Employees’ Retirement System’s new portfolio will look more like the current one than other options. The pick balanced portfolio risk with liability concerns.

CIO ready to leverage tech at IOOF

New IOOF chief investment officer Dan Farmer is looking to reduce correlated risk and diversify into alternative assets. To help achieve all this, he’s undertaking an ambitious software project.

EAPF leads climate-change push

The Environment Agency Pension Fund is expanding its efforts to support a low-carbon economy and demanding that other asset owners and the entire finance industry ‘step up’ as well.

Texas Teachers overhauls equities

Texas Teachers has made extensive changes to its equities portfolio, increasing risk premia, reducing active management and applying new strategies developed by the fund’s research arm.

Future Fund talks alternatives

Craig Dandurand, director of debt and alternatives for the Future Fund, offers a glimpse into how it has recalibrated its approach to investing in hedge funds and other risk premia.

CalPERS says no to adding leverage

The California Public Employees’ Retirement System announces it won’t be introducing leverage, and gives some details on how it will choose a portfolio in December from the four it’s considering.

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