Asset Allocation

TRS strikes gold: Tiny allocation crushes its benchmark

This year, TRS doubled its tiny allocation to gold via a special fund that buys gold ETFs and mining companies. The strategy returned nearly 60 per cent, thanks to market conditions including inflation, geopolitics, government debt levels and de-dollarisation pushing gold higher.

Sarah RundellDecember 11, 2025

News

Limited alternatives keep global capital anchored to the US

Darcy SongNovember 26, 2025

FIS Oxford 2025

LP demands for bespoke solutions define new era for private managers

Darcy SongNovember 10, 2025

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Darcy SongOctober 21, 2025

Asset Allocation

South Carolina lifts private equity and credit as cashflow turns positive

Brendan SwiftOctober 7, 2025

FIS Stanford 2025

Investors unpack regime-based portfolio thinking

Funds are operating in an extraordinary environment, with Scott Chan, chief investment officer of CalSTRS, saying he has never witnessed so many “large shifts stacked on top of the other” in his investment career. Amid the change, investors are increasingly shifting to a scenario and regime-based asset allocation.

Darcy SongOctober 1, 2025

Investor Profile

NZ Super co-CIOs chart TPA vision; hunt for new alpha sources

As NZ Super nuts out growing pains in processes and technology, it has made some recent decisions to change its governance route including appointing two co-CIOs, Brad Dunstan and Will Goodwin, last year. In an interview, they discuss the co-delegation model, the evolution of TPA, and new alpha sources.

Darcy SongSeptember 16, 2025

Equities

Future Fund flags expansion of active equity program

Emerging markets, Europe and Japan are all in focus for Australia’s sovereign wealth fund as it looks to ramp up active equities and diversify its exposures, as the fund grows wary of US markets amidst heightened political uncertainty.

Lachlan MaddockSeptember 11, 2025

Asset Classes

OMERS flags end to supercharged private equity returns

OMERS has warned that investors need to temper their expectations regarding the performance of more recent private equity vintages, as the favourable environment of high valuation multiples and low interest rates that spurred over a decade of superior returns begins to fade, said APAC head Ashish Goyal in Singapore.

Darcy SongSeptember 8, 2025

Organisational Design

Accountability, performance at the heart of Temasek’s three-way split

Singapore’s Temasek has unveiled its biggest organisational overhaul in more than a decade, splitting its investment portfolio into three entities to “sharpen” investment focus, boost accountability and align performance metrics. It came as the fund targets a 60/40 split between the “resilient” and “dynamic” assets to weatherproof its portfolio.

Darcy SongSeptember 2, 2025

Investor Profile

A rock and a hard place: GEPF on the challenges of transitioning coal

Reducing exposure to the risk in coal is particularly challenging for South Africa’s $122 billion Government Employees Pension Fund. ESG manager Belaina Negash explains the complexities due to the industry's tie with the economy and the fund's transition framework.

Sarah RundellAugust 12, 2025

View more articles

Asset Allocation

Asset Allocation

TRS strikes gold: Tiny allocation crushes its benchmark

News

Limited alternatives keep global capital anchored to the US

FIS Oxford 2025

LP demands for bespoke solutions define new era for private managers

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Asset Allocation

South Carolina lifts private equity and credit as cashflow turns positive

FIS Stanford 2025

Investors unpack regime-based portfolio thinking

Investor Profile

NZ Super co-CIOs chart TPA vision; hunt for new alpha sources

Equities

Future Fund flags expansion of active equity program

Asset Classes

OMERS flags end to supercharged private equity returns

Organisational Design

Accountability, performance at the heart of Temasek’s three-way split

Investor Profile

A rock and a hard place: GEPF on the challenges of transitioning coal

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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