Managing volatility and inflation: Constant rebalancing shores up UK’s lifeboat fund

The £31.2 billion Pension Protection Fund runs o
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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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SPP moves in as banks move out

Sweden’s SPP Livförsäkring is shifting its allocation in favour of more illiquid assets, and alternative risk premia, to escape enduring low interest rates.

Rising from the ashes

Ireland's Strategic Investment Fund will play to its strengths in evolving a strategy to invest a further €5.6 billion across the capital structure and for the long term.

Swiss investor gets real

Publica, one of Switzerland’s largest investors, is reallocating assets away from government bonds into real assets as it dynamically adjusts asset allocation due to macro-economic instability.

UK fund merger a first

Two UK local government pension schemes will merge, with a strategy of boosting internal management to 80–90 per cent of assets as well as paring back equity allocations.

Equities sell down

To better manage downside risk, the second-largest UK local government pension scheme has a plan to gradually alter its equity allocation.

Real estate meets big data

PGGM has committed to reducing its carbon footprint by 50 per cent, but for many asset classes it doesn’t know what the current carbon footprint is.

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