Ohio STRS warns of higher US recession risk; prioritises liquidity

The State Teachers Retirement System of Ohio has
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Long term lens shields Colorado from private credit jitters

Long term lens shields Colorado from private credit jitters

As concerns in private credit mount, Colorado PERA CIO and COO Amy McGarrity says the pension fund isn’t seeing any strains in its growing allocation to the asset class, arguing that long-term investors are shielded from the risks because they can lock up their capital to weather market cycles.

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Austrian APK smells equity opportunities

Top-performing APK Pensionskasse is examining different regions and sectors, looking to increase its allocation to equity if markets decline in the second quarter. Chief executive Christian Boehm expects technological developments and geopolitical influences to affect markets, including in Europe’s financial sector.

Washington works to be the best LP

Private equity has been a stand out for the $130 billion Washington State Investment Board and CIO Gary Bruebaker says the real trick is attracting the top general partners. That means making sharp investments, being true to your word and nurturing the relationship.

Australia’s rethink for the Future Fund

The CIO of Australia’s A$175 billion sovereign wealth fund, Raphael Arndt, sees a time on the not-too-distant horizon when the assumptions that have shaped investment strategy will no longer hold true. He’s working on a more comprehensive process for this challenging new world.

When multi-asset makes sense

Core multi-asset strategies provide access to a collection of market betas without a heavy governance burden. Idiosyncratic multi-asset strategies introduce a variety of return drivers into a portfolio. Mercer takes a look at the costs of each of these subcategories and when they’re justified.

New economy needs big public sector

Widgets are on the wane and disruption is the new normal, creating a need for a larger public sector with more market power, according to the former US Treasury Secretary, Larry Summers.

UMR will add to private assets, more

France’s Union Mutualiste Retraite is planning slight increases to its allocation to cash, private equity, private debt and infrastructure, in the face of high valuations and the late cycle. The fund has already added to its direct real-estate investments this year and is bracing for incoming regulations.

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