cash

Investor Profile

Wellcome Trust’s cautious approach: Cash pile grows waiting for opportunity

Wellcome Trust is holding nearly 10 per cent of its £37.6 billion portfolio in cash and bonds as it waits for sufficiently interesting long-term investment opportunities to arise - namely a big fall in public equities that would absorb large-scale funds quickly.

Sarah RundellMarch 10, 2025

Featured Story

Cash and overweight to US equities pays at New Jersey

The New Jersey Division of Investment generated double digit returns in fiscal year 2024 while maintaining good liquidity and dry powder on hand with an overweight to cash and cash equivalents. The cash position is likely to decline through 2025 given the robust pipeline in new private market opportunities.

Sarah RundellFebruary 6, 2025

Investor Profile

Texas ERS boosts cash allocation as higher rates end era of dead money

Texas ERS has bumped up its allocation to cash to 10 per cent, and revamped its global equities around a core fund with an overweight to AI and other Magic Seven themes, drug manufacturers and aerospace. Another key development in equities includes reducing the number of stocks by half.

Sarah RundellJanuary 30, 2024

Investor Profile

Liquidity, rebalancing reign at PSERS

Cash is king right now, according to CIO of the Pennsylvania School Employees’ Retirement System, Jim Grossman, and he’s got plenty of it. The fund has a very diversified asset allocation, with about half the portfolio invested in liquid assets and Grossman and his team are working hard to make sure that the strategic allocations are maintained.

Amanda WhiteApril 6, 2020

Investor Profile

Wellcome Trust’s cautious approach: Cash pile grows waiting for opportunity

Featured Story

Cash and overweight to US equities pays at New Jersey

Investor Profile

Texas ERS boosts cash allocation as higher rates end era of dead money

Investor Profile

Liquidity, rebalancing reign at PSERS

Investor Profile

South Dakota takes risk to bottom rung

Asset Allocation

New Mexico fund readies for trouble

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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