Calif. fund seeks ‘safe’ returns
San Bernardino County Employees’ Retirement Association seeks value assets with income and a contract. These qualities help ensure a return, while increasing holdings in cash and alternatives.
San Bernardino County Employees’ Retirement Association seeks value assets with income and a contract. These qualities help ensure a return, while increasing holdings in cash and alternatives.
As the Danish labour market pension fund puts more into alternatives and illiquid assets, it is also in talks with managers to increase its control over investment decisions and lower its costs.
Some pension funds have hit on a lucrative strategy to extract more value from their private equity portfolios. The £34-billion ($51.6-billion) Universities Superannuation Scheme, the United Kingdom’s second biggest pension fund for university and higher education staff, is expanding a private equity co-investment strategy begun in 2008. It’s a model whereby schemes portion some investment
The Policemen’s Annuity and Benefit Fund of Chicago has appointed GMO and PIMCO to global tactical asset allocation mandates boosting the fund’s alternatives allocation by 10 percentage points.
Despite ongoing uncertainty facing the world economy, institutional investors are planning to increase their allocations to alternative assets, with alternative asset researcher Preqin predicting the hedge fund industry could rebound next year to pre-global financial crisis (GFC) levels.
The growth in internal management is changing how asset consultants interact with clients, and the current market volatility means timely information can be vital to performance, Cambridge Associates chief executive officer Sandy Urie tells Top1000funds.com’s Sam Riley.
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