Performance persistence: reverting back to normal

The latest performance persistence study by Rogers
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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

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Managers perform for Texas Teachers

Manager selection led to nearly three-quarters of outperformance for Texas Teachers in 2017 as the fund beat its benchmark by 168 basis points.

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.

CPPIB considers impact of size

As the Canada Pension Plan Investment Board gets larger, it is considering how to retain its sizeable private-market holdings with public proxies. It’s a ‘capacity issue’.

Asset owners rethink private equity

As structural shifts in the asset class have reduced persistence and returns, even long-time players have had to re-think strategy. So how have they adapted?

Private equity persistence slips

Private equity is undergoing a structural change – with persistence and performance waning – but co-investment may not be the panacea, MIT’s Antoinette Schoar discovers.

Nationwide likes private markets

Find out how the UK’s $7.1 billion Nationwide Pension Fund has built its alternatives portfolio from nothing to 20 per cent of its assets, by targeting opportunities larger players won’t touch.

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