At COP28, financial sector innovation bolsters headlines

COP28 in Dubai had all the ingredients for both
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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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Systemic impacts in pension systems: Perspectives from ‘down under’

New research investigates the systemic impacts of the large and growing superannuation industry in Australia highlighting two main concerns, that may differ from what you expect, and drawing conclusions for other evolving defined contributions systems. 

Abu Dhabi’s ADQ steps up engagement with EM economies

Abu Dhabi-based sovereign wealth fund ADQ kicked off the new year forging two global investment partnerships, as the fund seeks to boost its influence in emerging markets by deploying capital in critical areas such as infrastructure and urban development.

In muted IPO market, OTPP’s venture growth team talks exit alternatives

In a bid to support portfolio companies in Teachers’ Venture Growth allocation, the pension fund convened a discussion on how founders and CEOs can optimise their exit.

AIMCo sheds more costs with NYC, Singapore offices the latest casualties

The C$169 billion Alberta Investment Management Corporation has shut its Singapore and New York offices and sacked high-profile investment staff as part of a “strategic re-alignment of resources” under the leadership of former Canadian prime minister and now chair of AIMCo Stephen Harper.

AP funds reform: Expanded opportunity in private equity

Much anticipated reform of Sweden's five buffer funds will liquidate AP1, dividing assets between AP3 and AP4. Private equity specialist AP6 will also merge with AP2, expanding the opportunity for the private equity investor and securing the future of the specialist team.

ML forecasts trump analyst coverage over long horizons: Research

Machine learning forecasts of corporate earnings outperform analyst forecasts, by revealing new information, economically important predictors and capturing non-linear relationships. Investors can use ML models as a less-biased forecast and a decision-making tool for when there is a vacuum of analyst coverage, an award-winning research paper has found. 

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