Why bonds are not the answer: John Lewis

Like most defined benefit pension funds, the £2 b
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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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SWIB: Why real estate investors are still talking about the pandemic

The State of Wisconsin Investment Board's head of real estate Jason Rothenberg shares his views on how to address the enduring challenges for office investors. It involves a building-by-building investment approach to avoid assets at risk of conversion or demolition.

APG’s infra ramp-up: APAC markets in focus

APG Asset Management, Europe’s largest pension investor, is set to double its global infrastructure allocation in the next five years and is stepping up its push into infrastructure assets in the Asia Pacific with a focus on Australia, India and Southeast Asia and opportunistic investments in Japan and Korea.

BCI: A masterclass in private debt

British Columbia Investment Management Corporation has been investing in private debt since 2018. Global head of public markets Daniel Garant, whose team oversees private debt, articulates the secrets of success at a time of fierce competition for returns as more investors pile into the asset class, tightening credit spreads.

A rock and a hard place: GEPF on the challenges of transitioning coal

Reducing exposure to the risk in coal is particularly challenging for South Africa’s $122 billion Government Employees Pension Fund. ESG manager Belaina Negash explains the complexities due to the industry's tie with the economy and the fund's transition framework.

Mid-market, asset-backed private credit shines for growing Asian allocators

Asia's growing investors, including university endowments and family offices, are hunting for returns in lower-middle market and asset-backed private credit. In an interview with Top1000funds.com, head of Asian clients at the $92 billion OCIO Cambridge Associates, Prabhat Ojha, talks manager selection and Asian allocators' rising appetite for alternatives.

France’s FRR ups risk in line with longer term investment horizon

Fonds de reserve pour les retraites (FRR), France’s €21 billion ($24 billion) pension reserve fund, has increased its weighting to equity in line with a new strategic asset allocation to reflect the investor's longer return horizon. It is also eyeing more unlisted assets including private equity, private debt and infrastructure.

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