CalPERS wants PE ideas for new entity
The CalPERS’ board has approved the first step in the creation of a new private equity model, and now the fund’s CEO, Marcie Frost, is looking for advice on how to structure such an entity.
The CalPERS’ board has approved the first step in the creation of a new private equity model, and now the fund’s CEO, Marcie Frost, is looking for advice on how to structure such an entity.
The returns of long-term investors are driven by economic growth so it is difficult to ignore China as a big part of the future investment opportunities, a panel of experts told delegates at the Fiduciary Investors Symposium.
Strategic tilting has added 1.1 per cent, or NZ$3 billion, to the New Zealand Super Fund’s reference portfolio over the past 10 years, David Iverson, head of asset allocation at the NZ$41 billion fund says. This is way above the expected return from the program which was set at around 40 basis points.
The Fiduciary Investors Symposium at Cambridge University brought together more than 70 asset owners from 15 countries to discuss asset owners responsibility to engage with policymakers, barriers to long term investing and risks including ESG, climate and cyber security. Brett Himbury, chief executive of IFM Investors revealed how an asset manager defines its behaviours and
Images from the Fiduciary Investors Symposium, Cambridge 2019, day three
An overwhelming number of delegates at the Fiduciary Investors Symposium said the funds management industry was not doing well in innovationMartin Gilbert, who started Aberdeen Standard Investments in 1983 and is now chair, said industry participants needed to innovate and disrupt themselves.
Private Equity