Chicago Police fills alternatives allocation
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.
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Alaska focuses on infrastructure
Infrastructure co-investments will be a new area of focus for the $36.6 billion Alaska Permanent Fund, as reflected in changes to its strategic asset allocation last week.
GMO says QE2 set to hit shoals
On the eve of an anticipated second round of quantitative easing – QE2 – a number of commentators, including GMO’s Jeremy Grantham, have criticised Fed’s policy as a large net negative to the production of a healthy, stable economy.
Pension funds unite: you can double returns
Paul Woolley insists that he is pro market forces; he is not some sort of Trotskyite. A cursory glance at some of the research work he is either doing or financing might prompt scepticism. But this urbane Londoner who established the top-shelf GMO quant shop in Europe is mainly concerned about inefficiencies and mispricing. And
Washington State prioritises excellence
The $70.5 billion Washington State Investment Board has prioritised hiring the best managers in public equities and is willing to sacrifice the number of active investment relationships in lieu of the managers it believes are “truly exceptional” as it enters 2010 with plans for global manager searches.
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