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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HOOPP ponders re-allocating risk

Canada's Healthcare of Ontario Pension Plan is considering adding to its celebrated strategy with moves into reinsurance and infrastructure, based on forecasts of rapid growth in its assets.

TelstraSuper: allocation authority

Graeme Miller, CIO at the A$21 billion TelstraSuper fund, has beefed up the staff and processes committed to asset allocation and adopted an empowering vision of world-class funds management.

HSBC pension re-allocates to de-risk

"There are no prizes for taking on more risk than you need," said CIO Mark Thompson, after the fully funded UK scheme sold 60 per cent of its equities and targeted long-dated assets.

Dutch PGB wins with focus on risk

The $30.3 billion Pensioenfonds PGB has a strategy focused on regular adjustments to risk in equity, interest rates and credit. The scheme has led to an impressive funded status of 108 per cent.

Australia’s LGS goes active and thrives

Just seven years after restructuring around a passive core in response to the GFC, Australia's $8.2 billion Local Government Super has found confidence and success in active management.

Centrica builds in capital preservation

The $11.2 billion UK-based pension fund has made bold moves into frontier markets and active strategies but is more interested these days in defensive strategies, as it prepares for a downturn.

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