CalPERS’ plan to generate alpha from climate investments

CalPERS’ sustainable investment strategy is pred
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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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GIC: Building balanced portfolios for the long run

Navigating the two challenges of heightened macro uncertainty and an increased allocation to private assets could require a fundamental evolution of the asset-allocation process, argue Grace Qiu Tiantian and Ding Li from Singapore’s GIC in a paper written with MSCI’s Peter Shepard entitled Building Balanced Portfolios for the Long Run.

CalPERS board reflects on liquidity and leverage; higher delegation limits

The investment team at CalPERS asks the investment committee for an increase in staff delegation limits for private assets to help meet the new SAA to private markets, and the board reflects on the liquidity and leverage program in place.

Pooling benefits show at Border to Coast in path to investment excellence

As Border to Coast approaches its 5th birthday chief executive Rachel Elwell reflects on the achievement of building a sustainable organisation, what investment capabilities are still to develop and the priorities for the underlying partner funds.

ESG: Engagement, stock picking and investment team expertise key at AP4

Engagement, stock picking and ensuring every investment team has its own sustainability expertise have been key to integrating ESG at AP4, explains chief executive Niklas Ekvall.

Partnering with best-in-class managers yields stellar results for TIFF

A focus on partnering with specialist, differentiated, active managers with help from “the best board in America” has generated more than 200 basis points a year for TIFF. Amanda White looks at the fund’s approach to manager sourcing and the opportunities for alpha in a tough investing environment.

New Mexico’s shakeup: Private markets in; risk parity out.

As he prepares to put more money to work in private markets, New Mexico’s new CIO Michael Shackelford discusses why he is paring back on risk parity and removing private credit hedge funds, and his preference for open-ended funds.

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