Funds seed for the future

Two major pension funds from the Netherlands and C
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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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Texas Teachers bears down on fees

The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.

OTPP: an innovator’s tale

OTPP is “on the cusp of unleashing a whole brand new level of innovation in the organisation that has not seen in the past 15 years."

Hedge funds still in style at Varma

Reima Rytsölä, chief investment officer at Finland’s largest private pension insurance company, sticks with the fund’s longstanding interest in hedge funds and extends its risk premia strategies.

LD innovates on equities, fees

Danish pension fund Lønmodtagernes Dyrtidsfond has embraced innovation, introducing four buckets for a more dynamic equities portfolio and co-investing with peers to get top value for fees.

UTAM favours equities, private credit

The University of Toronto Asset Management Corporation adopts passive moves into US equities, active allocations to international shares and select opportunities in private credit markets.

Ford Foundation seeks social returns

The Ford Foundation has committed $1 billion over 10 years to mission-related investment strategies that earn financial and social returns, challenging others to adopt the same approach.

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