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CalPERS grapples with new allocation targets

Implementing the asset allocation changes of a very large portfolio, particularly in private markets, is a conundrum CalPERS is dealing with as it moves its asset allocation and decides how to fill new private market allocations.   In February this year the $283 billion CalPERS investment committee approved a new strategic asset allocation which will […]

Texas Teachers extends manager partnerships

Texas Teachers Retirement System has extended a unique public markets strategic partnership structure to two of its private market managers in a move it claims will give the fund a long-term strategic advantage over other investors.