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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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Problem solving in a challenging environment

As asset owners increasingly look to their providers for “partnerships” rather than transactional relationships, Bridgewater’s advisory capabilities are coming to the fore. Amanda White looks at the hedge fund's solutions-focused approach.

CalPERS weighs incentives and benchmarks in battle for talent

As US public pension funds struggle to fill investment positions CalPERS' performance, compensation and talent management board committee meeting discussed compensation incentives and benchmarks, including a plan to introduce an annual incentive plan that focuses on total fund results for incentive eligible positions.

AP2 aligns portfolio with energy transition; forestry focus

In a recent update, AP2, the SEK 440 billion ($44.1 billion) Swedish buffer fund, outlined how it is investing in forestry, green bonds and bioenergy in support of the energy transition

WSIB gears up for social and environmental push in private equity

Washington State Investment Board has seen the impact of its expansive private equity program through investee-company employee schemes and climate-focused impact funds. Now WSIB is set to put much more pressure on private equity to integrate ESG in portfolio companies. Sarah Rundell spoke to chief executive, Allyson Tucker.

Beyond traditional asset allocation

Today’s challenging climate has led diversified investors like GIC, Singapore's sovereign wealth fund, to explore different approaches to portfolio construction to build resilience. Grace Qiu and Ding Li, both senior vice presidents in total portfolio policy and allocation at GIC discuss their new research.

Fundamentally resetting reporting

WTW’s Thinking Ahead Institute has developed an alternative attribution tool giving investors a view on the long-term drivers of performance. Tim Hodgson explains the benefits of the open source tool including improved conversations between managers and asset owners about return drivers and providing clarity on how ESG objectives are managed.

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