Sydney University’s private asset portfolio under scrutiny for defence ties

University of Sydney

An external panel has recommended that Australia's
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LACERA braces for lower expected returns across portfolio ahead of SAA review

LACERA braces for lower expected returns across portfolio ahead of SAA review

The $94 billion LACERA has been warned that expected returns across major asset classes in its portfolio will shrink over the long-term as it gears up for an asset allocation review in 2027. In a recent board meeting, chief investment officer Jonathan Grabel highlighted several investment dynamics the fund is keeping an eye on.

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CPP: Why doing the right thing in TPA can look like losing

CPP Investments has argued that a TPA portfolio has a high chance of appearing to have underperformed when evaluated against traditional SAA benchmarks, even when the underlying investment decisions are sound. In a recent paper, the fund argues TPA portfolios should be judged on a broader scorecard.

CalPERS’ public and private equity reset shapes performance

CalPERS is continuing to reap the benefits of a sweeping overhaul of its public and private equity programs, with the two asset classes, which are the biggest components in the portfolio, powering a 14.8 per cent return for the $637 billion fund in the last reporting period.

Temasek lifts China exposure by $7.7b, commits to doubling AI bet

Singaporean sovereign wealth fund Temasek saw its exposure to China surge by $7.7 billion in the last reporting period as valuations rebounded in the world’s second-largest economy. It is also planning to more than double its exposure to the AI value chain within the next five years.

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Ohio STRS warns of higher US recession risk; prioritises liquidity

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Returns, resilience and reinvention: What private markets’ top brass are worried about

Senior executives from some of the world's largest private market managers gathered in Berlin this month with a collective understanding: managers who move slowly on AI face not just weaker returns but the risk of owning businesses that have been competitively displaced before they can exit.