Investor Profile
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.
Sort content by
Behind CalSTRS’ cost savings: Better returns and control of risks
CalSTRS has saved more than $1.6 billion in costs since 2017 thanks to its collaborative model approach, which brings more assets in-house and encourages the use of different investment vehicles. Now it’s looking to measure the other benefits including boosted returns and more control over risks.
Japan’s SMBC pension fund explores boosting exposures to alternatives
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) Pension Fund, managing assets worth 1 trillion yen ($6.6 billion), is poised to increase investments in illiquid alternatives, including infrastructure private equity and debt aimed at maximizing returns.
Tangible change at Fordham endowment in manager re-vamp
Geeta Kapadia, CIO of Fordham University’s $1 billion endowment is rolling out a suite of changes that include paring back the fund's 50 or so manager relationships, introducing new passive allocations, testing the water on internal management in fixed income and preparing the ground for an inaugural sustainability strategy.
Geneva pension fund finds confidence in Japanese equities
The $23 billion pension fund of the state of Geneva in Switzerland is favouring Japanese equities and seeking opportunities to acquire them when prices decline amid factors including attractive dividend yields, the monetary policy by the Japanese central bank and stable consumer habits.
Future Fund CIO rejects ‘macho, Darwinian’ investing culture
In his first public comments since being named chief investment officer of Australia’s sovereign wealth fund in August, Ben Samild has said fostering a team culture of “purpose and joy” is among his top priorities.
Don’t Dream It’s Over: Whineray leaves NZ Super
When CEO of New Zealand Super Matt Whineray joined the fund in 2008 there were 40 employees, NZ$14.7 billion in assets which was all outsourced and the investment committee consisted of “anyone who wanted to attend”. When Whineray leaves on December 8 he’s leaving a very different organisation.
Leave a Comment
You must be logged in to post a comment.
Login