Oregon State Treasury unwinds and adjusts

Oregon State Treasury, which runs $80 billion wort
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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 comes of age

The fast-growing UK DC fund, NEST, is reviewing its objectives and so how it allocates assets. Amanda White spoke to deputy CIO, Elizabeth Fernando about the implications for investments.

Denmark’s Sampension: Liquid markets signpost illiquid dangers

Investors are piling into alternatives to escape low returns in liquid markets. But Henrik Olejasz Larsen, CIO of Denmark's Sampension, warns liquid markets signpost trouble ahead in alternatives, especially private equity.

PGB talks private equity fees as Dutch funds feel the squeeze

Dutch funds are feeling the squeeze of private equity fees, especially as beneficiaries face a cost of living crisis. Pensioenfonds PGB spends less on fees than others but CEO Harold Clijsen questions the options open to investors.

As inflation batters, TRS eyes natural gas

Inflation woes dominated at a recent TRS board meeting. However the Texas-based fund, one of the few remaining investors in fossil fuels, has benefited from its allocation to energy and is currently eyeing opportunities in natural gas infrastructure as US producers gear up to supply global demand in Russia's absence.

Real assets a haven in likely stagflationary environment

An overweight position in real assets and private equity, and an underweight to equities and bonds positioned the Ohio School Employees Retirement System for success in the last year but CIO Farouki Majeed is now even more convinced a stagflationary environment is likely and is positioning the fund accordingly.

New Jersey flags hedge fund benefits in volatile times

New Jersey Investment Division has found shelter in its hedge funds allocation during recent market turmoil. But the investment division's challenges are underscored by a recent report placing it in the bottom 10 state-wide plans for funded ratio - and holding onto a higher than average ARR.

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