public equity

Investor Profile

BCI: A masterclass in private debt

British Columbia Investment Management Corporation has been investing in private debt since 2018. Global head of public markets Daniel Garant, whose team oversees private debt, articulates the secrets of success at a time of fierce competition for returns as more investors pile into the asset class, tightening credit spreads.

Sarah RundellAugust 14, 2025

Asset Allocation

University of California: Equity boost, and fossil fuels back on the table

In a wide ranging investment committee meeting, University of California CIO Jagdeep Singh Bachher argues that rationale for increasing the equity allocation and warns that although excluding fossil fuels currently works 'ok' it may come up for review.

Sarah RundellMay 14, 2025

Equities

CalPERS reviews factor allocation

As CalPERS navigates more change at the top following Nicole Musicco decision to leave, the investment committee ploughs on with an annual review of the public equity portfolio where discussions focus on the factor weighted strategy and engagement on executive pay.

Sarah RundellOctober 3, 2023

Investor Profile

External equity: A worry at Wellcome

The £26.8 billion Wellcome Trust continues to reduce its allocation to external equities managers as the investment committee focuses on currency exposures, ESG and hedge funds,the impact of low interest rates and the position of the credit cycle in 2020.

Sarah RundellJanuary 20, 2020

Private Equity

PE outperformance doesn’t add up

Thanks to recent history, flawed methodology and ill-chosen indices, most say PE consistently outdoes public equity. But the right data tells a different story, Oxford academics write.

Ludovic Phalippou and Neroli AustinAugust 29, 2018