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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NEST diversifies via high-yield bonds

UK multi-employer fund pushes for better returns in fixed income with an active global high-yield bond fund, while stressing ESG principles and long-term relationships with asset managers.

Wellcome sterling bet eases Brexit pain

Calling sterling correctly ahead of Brexit and sitting patiently in large caps are key components of Wellcome Trust’s success, which means more money for fighting drug-resistant infections.

KWAP charts alternative course in 2017

Malaysia’s KWAP fund for public officials will further diversify its asset allocation in the year ahead, increasing investment in alternatives; it will also continue to pursue sharia compliance.

OPTrust is making investment look easy

Canada’s OPTrust has impressive stats. In 2015, it returned 8 per cent and remained fully funded. Its plans for the year ahead include infrastructure, hedge funds and managing even more in-house.

Distressed Kentucky fund regroups

A struggling pension fund for Kentucky employees has cut back on hedge funds while remaining averse to long-term risk and hopeful of a better climate for US equities to help it recover.

Finnish pension fund counters low rates

Finland’s €18.5 billion State Pension Fund (VER) will slightly increase its allocation to hedge funds, in order to counter the impact of low interest rates on its fixed-income holdings.

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