Texas Teachers’ growing pressure on hedge fund fees is working

The $202 billion Texas Teachers is pioneering effo
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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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Portfolio managers 3.0: APG’s digital future

APG recently hired its first digital portfolio manager. “Samuel” comes complete with an employee identity number and underlines the firm's ambitions around data-driven money management. Amanda White spoke with APG's CIO Peter Branner about the road ahead.

Global SWF: GIC leads; oil fuels Gulf funds and hedge funds give refuge

Singapore’s GIC invested more than any other SWF last year and fuelled by buoyant oil revenues, Gulf SWFs have had and are expected to continue their investment rampage. Elsewhere, hedge funds have proved one of the most successful allocations, particularly for ADIA, says Global SWF in its annual report.

TRS defends struggling risk parity allocation for now

A recent board meeting at TRS discussed challenges in the $11 billion risk parity allocation. However, predicting stymied economic growth and continued inflation ahead, the asset class is likely to do better going forward

The best of 2022

In 2022 we introduced some new projects aimed at providing a deeper understanding of best practice and driving the industry to produce better outcomes for stakeholders.

USS: Low leverage and US exposure helped navigate UK bond market turmoil

Speaking at USS’s 2022 Institutions’ Meeting, Simon Pilcher told stakeholders that the asset manager had navigated market turmoil in the UK bond market by having less leverage than peer funds and diversification, explaining USS also hedges inflation and interest rate risk with US bonds.

Landmark tech investment boosts Denmark’s Lægernes Pension

Denmark's Lægernes Pension has just completed a series of tech investments to further sharpen its investment processes. Michael Daniel Andersen, head of portfolio construction, believes natural language processing revealing what people are reading and researching will offer some of the most valuable new investment signals ahead.

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