USS goes direct in private markets
The UK’s $78 billion USS remains growth focused despite a funding deficit, employing direct investment in private markets and tapping US government bonds in anticipation of lower gilt prices.
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OTPP: an innovator’s tale
OTPP is “on the cusp of unleashing a whole brand new level of innovation in the organisation that has not seen in the past 15 years."
CAAT sheds public equity
Canada’s fully funded Colleges of Applied Arts and Technology Pension Fund will move 15 per cent of its assets from public equities to real assets and private equity, following a review.
Santander focuses on rewarded risk
Santander pension fund head, Antony Barker, says there's a “curiously limited” appetite for change and innovation in the sector, with behaviour limited by consultant and manager vested interests.
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.
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