UTIMCO harvests SPAC boom

Last year’s SPAC boom which saw 677 SPCAs raise
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CalPERS, La Caisse raise the bar for active managers

CalPERS, La Caisse raise the bar for active managers

CalPERS may have doubled the fees it pays for active management in public equities, but the alpha it generates has quadrupled, says global equity head Simiso Nzima, who has spent three years pruning a roster of nearly 100 managers down to a tightly scored handful. La Caisse's Mario Therrien describes a parallel discipline, using external managers not just for returns but as a "window to the world" on emerging strategies, from quant investing to AI.

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CalPERS extols the benefits of co-investment in private equity

A recent board meeting marked progress in turning around the fortunes of CalPERS' private equity portfolio. Large co-investments and reducing the bias to buyout are reshaping the profile of investments, said portfolio manager Anton Orlich.

How collaboration and creativity come together in OTPP’s new offices

OTPP has re-imagined the office with its new downtown Toronto headquarters. George Konidis explains how the premises will help attract top talent and support a new kind of working and collaboration.

AIMCo talks total portfolio approach, private credit, and risk

As AIMCo prepares to beef up its private credit team in New York, CIO Marlene Puffer explains how she plans to scale the allocation, as well as describing a new total portfolio approach to private markets, and the investor's new approach to risk management.

Brunel uses AI in stewardship and doubles down on manager misalignment

Brunel Pension Partnership has introduced AI in its stewardship processes, and is working with other asset owners to put more pressure on asset managers to align with its climate demands.

Why simplicity matters in total portfolio approach

The key to implementing a successful total portfolio approach is not about creating complexities, but rather maintaining simplicity within the shared lexicon of an investment team, said two of the approach's most well-known adopters.

Enhanced tech capabilities makes reinforcement learning viable

What was once too intense to be utilised by computing processes, reinforcement learning has become a viable tool for asset owners. John Hull, Maple Financial chair in derivatives and risk management at the Joseph L. Rotman School of Management, told the Fiduciary Investors Symposium this now outperforms simpler modelling approaches.

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