Germany’s €70 billion pension provider VBL is increasing its diversification, notably investing in overseas real estate outside Germany for the first time. It's also increasing its tilt to international equities over European stocks, enabled by an organisational and investment process overhaul.
For investors struggling to develop better ways to measure private equity fund performance, researchers at the giant Japanese fund, GPIF, suggest an alternative measurement model that compares private and public assets more accurately.
Private markets are the cornerstone of CalPERS’ 2030 goal and strategic destination which will include building capabilities inhouse for direct investing. A number of new appointments, including Daniel Booth and Anton Orlich, have boosted the skills in the team. Amanda White spoke to CIO Nicole Musicco.
Alecta, Sweden’s biggest pension fund with $110 billion of assets under management, has fired its chief executive Magnus Billing following nearly $2 billion of losses incurred from last month’s US banking crisis. The pension fund is also beginning an enquiry into how it manages equity.
A large allocation to core real estate and separately-managed accounts, which have improved alignment and allowed significant fee savings, plus a strategic pivot to multi-family and industrial exposure, has all paid off at Oregon.
Two thirds of Ivanhoé Cambridge's real estate allocation used to be invested in return-dragging office and retail assets. Now, in a complete reversal, two thirds is invested in logistics and residential real estate alongside a growing allocation to alternative life sciences
Norway's sovereign wealth fund and Sweden’s largest pension fund Alecta are among funds with heavy losses from the SVB collapse. For CalPERS, which only had a small exposure, the tumultuous weekend highlighted the importance of resilience and transparency with the team quick to identify exposures and provide analysis.
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