An announcement from the editor

Today marks a new chapter for our publication.

For nearly two decades, we’ve provided independent, in-depth journalism on how the world’s largest institutional investors construct portfolios, make allocations and navigate an increasingly complex investment landscape.

We’ve published more than 5,000 stories, connecting you with the thinking, strategies and peers shaping the global investment industry.

That commitment isn’t changing. But from today, access to our journalism will require you to be logged in.

This change helps us protect our original reporting from AI crawling and unauthorised republication, while ensuring we can continue investing in the depth, rigour and specialist journalism you expect from Top1000funds.com.

Registration is simple. Once your account is activated and you’re logged in, you can continue accessing the site as usual.

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Thank you, sincerely, for your ongoing support. And if you have any feedback or ideas for how we can improve, please feel free to get in touch.

For more context on the change, and why we believe it’s important, watch my short video above.

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CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

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Why active managers are mimicking the flaw of passive benchmarks

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UTIMCO measures its AI exposure via analysis of how investee companies have integrated the technology. It reveals a 5 per cent overweight to AI thanks mostly to hedge fund strategies and infrastructure. Meanwhile, the investor pointed to history to flag a likely reversal to the mean in global equity markets.

Why Lothian is ready to lead on LGPS pooling – if it comes to Scotland

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