Managing not just measuring risk is key to long-term returns

Nobel Prize-winning economist Myron Scholes told t
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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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Economists call for targeted spending

Three prominent Chicago Booth economists have called for more targeted spending by the US government to more effectively manage the disruption to the economy, but they are not worried about inflation in the near term.

MIT consortium builds ESG tools

Research into the data, measurement and methodologies of ESG rating agencies has resulted in the Aggregate Confusion Project, a research project led by academics at MIT to develop a set of ESG tools and methodologies that will become best practice.

Finance teaching not fit for purpose

Finance needs to be based on “real world economics” not the unrealistic and rational assumptions of traditional finance argue co-editors Herman Bril, Georg Kell and Andreas Rasche in their book Sustainable Investing: A path to a New Horizon.

3D framework a game changer

The industry is undergoing a rare strategic shift, this time to a 3D investment framework that integrates impact with risk and return, which will have a massive impact on the industry and the world.

Federal Retirement Thrift: Manager boost

Five years on from a board decision to increase manager diversity, Federal Retirement Thrift Investment Board, the Washington-based defined contribution plan for US federal civilian employees is finally poised to allocate a portion of its giant $640 billion assets to a new manager for the first time.

APG’s view on accelerated change

APG's CIO Peter Branner explains how the pandemic has accelerated key trends already underway around digitization, central bank policy and action to combat climate change. It all points to fierce competition for private assets.

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