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Private Equity

65% record return for Washington Uni endowment

America’s university endowments are reporting blistering returns thanks to soaring equity markets and their large venture allocations. Washington University’s managed endowment pool is an outstanding performer, returning a whopping net 65 per cent for the fiscal year 2020-21 and nearly doubling its size to $15.3 billion. CIO Scott Wilson explains how they did it.
Private Equity

NEST challenges private equity fees

UK pension scheme NEST’s first foray into private equity offers hope for investors looking beyond standard operating models in the asset class. The £20 billion defined contribution fund, currently sifting through 60-odd procurement responses to allocate more than £1 billion at the beginning of next year, is quietly confident it will be able to hammer out a deal with GPs to make the expensive asset class known for 2:20 fees affordable.
Equities

Maryland’s record year prompts actuarial rate reduction

Maryland State Retirement  and Pension System is the latest fund to record an historical performance for the 2021 financial year, returning a best ever 26.7 per cent. Again public and private equities were the star performers with an exceptional 51.85 per cent return in private equity and 44.54 per cent in public equities  But in recognition there might be a bill to pay for those higher returns in the future the fund has lowered its actuarial rate of return.
Private Equity

Co-investment, diversification drive CalPERS’ PE push

Since taking on the job of head of private equity at CalPERS two years ago Greg Ruiz has spent considerable time getting the portfolio back on track, understanding the positions and allocating capital. Now as the fund almost certainly will allocate more assets to private equity as part of a new asset allocation, Ruiz is looking to add to the sectors where the fund is underweight including venture.
Equities

CalPERS reduces equities universe

In the first story of an exclusive series examining investment portfolio innovation at CalPERS, Amanda White looks at the global equities portfolio where the universe of stocks was recently halved.
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