Passive Aggressive – the world of index investing is in flux as ESG integration into passive is on course to become the norm for new mandates.

In the last year there has been a quiet revolution
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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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IPERS’ three-pronged approach to active risk: Portable alpha, TAA and ARP

CIO of Iowa Public Employees Retirement System, Siriam Lakshminarayanan, explains its approach to active risk and why portable alpha, alternative risk premium, and tactical asset allocation make a good, three-pronged strategy.

France’s ERAFP builds out private credit after lengthy manager selection

France's ERAFP has just boosted its allocation to private credit after a lengthy manager selection process, renewing and building out existing mandates in a €8 billion allocation begun in 2009.

Dutch, British and Australian funds latest to back timberland

Investors are hunting forestry assets because they combines a large-scale sustainable investment with compelling risk-adjusted, inflation proof returns and diversification. Funds like Nest, APG and AP2 explain their approach.

ADIA: Active management, sharper internal processes pay off

Restructuring its internal processes has reshaped ADIA’s investment approach and highlights opportunities in active investment ahead.

Emerging markets investors have long ‘mispriced’ risk: Kotkin

Escalating diplomatic “disillusionment” surrounding the US-China relationship has made investors think twice about exposure to the world’s second-largest economy. Geopolitics expert Stephen Kotkin said China may still be attractive to investors, if they understand the complexities of domestic Chinese politics – and ensure they are paid a hefty risk premium.

Texas Teachers embraces AI and talks applications and risks

The Teacher Retirement System of Texas is already using AI in its giant equity portfolio and in real estate and venture. In a recent board meeting, CIO Jase Auby and MD Mohan Balachandran explain how the technology will shape returns, investment opportunities and differentiate the fund.

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