Allocations to alternatives worldwide are expected to increase by more than 5 per cent at the expense of global equities in the next two years, according to Russell Investments 2010 global survey on alternative investing.
CalPERS’ search for a new asset allocation strategy
The fund has embarked on an asset allocation review that is more like a total engine makeover, one of the most important activities in the fund’s history.
Texas Teachers wants more discretion over external managers/derivatives…
The investment team of the $97 billion Teachers’ Retirement System of Texas will request the removal of sunset clauses on its use of external managers and derivatives, or at least increase the maximum limit on external managers from 30 to 50 per cent of the fund, at a legislative hearing in August.
….as TRS reports its largest ever return
An overweight position to global equities and credit has contributed to the Teachers’ Retirement System of Texas recording its best ever investment return: 35 per cent for the year to March 2010.
“Korrupter” boss arrested at Swiss BVK fund
The chief investment officer for the Swiss Government’s Zurich cantonal pension fund, BVK, has been dismissed following his arrest on various “corruption” charges.
North Carolina in need of ALM study, staff
The North Carolina Retirement System is in need of a formal asset liability study and is fundamentally understaffed, according to an independent review by Ennis Knupp commissioned by the State Treasurer.
