Chicago Police fills alternatives allocation
The Policemen’s Annuity and Benefit Fund of Chicago has appointed GMO and PIMCO to global tactical asset allocation mandates boosting the fund’s alternatives allocation by 10 percentage points.
Chicago Teachers leans into diverse managers; exceeds targets
Chicago Teachers is bullish on allocating to diverse managers, more than doubling its target allocation to more than half of the fund's AUM. Its CIO explains how the strategy adds value through access to differentiated strategies and competitive fee structures.
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OMERS uses patient capital for life cycle venture investing
OMERS has will capitalise on its ability to invest for the long-term and use the newly-launched venture capital arm to invest directly in the entire life cycle of a project. OMERS Ventures, which will be the avenue for the fund to invest directly in venture rather than through funds, is predicated on funding through the
CalSTRS positions for global volatility with allocation changes
The volatility in global markets has prompted the $154 billion CalSTRS to an underweight global equities position, moving assets into cash, its chief investment officer, Chris Ailman, said.
QSuper looks beyond benchmarks in remaking investment strategy
QSuper is re-inventing itself. On the eve of marking a century, the $27 billion superannuation fund for Queensland public sector workers is redefining its investment beliefs and living them through a strategy that is purposefully different from those of its Australian peers.
WSIB eschews administrivia for risk deep-dives
This summer the Washington State Investment Board will conduct two “deep dives” using its new risk tools to examine the portfolio exposure to US debt, and the impact of turmoil among the European Union. Executive director, Theresa Whitmarsh, discusses the board planning session, which will also include a review of the fund’s resource constraints.
Investors see the forest for the trees
Timber is increasingly attractive for institutional investors as part of an alternatives exposure, with benefits including diversification and inflation-hedging. To date most of the investments have been in the US, but a new report predicts this will move to emerging countries including those in Asia, with consultants advising investors spread their timber exposures to capture
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