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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HSBC Pension’s innovative DC offering

HSBC Bank (UK) Pension Scheme is an innovative hybrid fund that incorporates a climate tilt for its global equities default in DC, while in the DB portion it remains focused on de-risking.

ATP’s new risk lens

The giant Danish fund, ATP, now views the return-seeking part of its investment portfolio through four risk sectors, allowing an easy comparison of investments across asset classes.

Minnesota’s push into passive

A disillusionment with active has led Minnesota to double its passive allocation in public equities, a strategy that sits alongside a commitment to long-term investing in private markets.

Rhode Island goes back to basics

The Employees Retirement System of Rhode Island is looking to cut management fees and slash hedge fund allocations over the next two years, on the heels of lagging returns.

How GPFG built its property portfolio

In the six years since Norway’s finance ministry approved the $871 billion Government Pension Fund Global invest in foreign real estate, its real estate arm has built a substantial portfolio.

Japan’s GPIF and the next 100 years

With a unique long-term horizon – 100 years – Japan’s GPIF takes a different view of investing but is pragmatic enough to see that not all investors need to behave the same way.

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