Investor Profile
Oregon makes fees work
The $77. 3 billion Oregon Public Employee Retirement Fund has continued to achieve top decile returns at the same time as de-risking and reconstituting half its giant portfolio.
Sarah RundellApril 22, 2019
Investor Profile
Oregon’s real estate revamp
Oregon State Treasury has de-risked its $12 billion real estate allocation, moving away from closed end, private equity-style investment and its associated inherent cyclical risk and total return focus. Building in more liquidity and transparency, reduced volatility and lowered fees via evergreen manager partnerships in separate account and open-end fund structures.
Sarah RundellApril 2, 2019
Private Equity
Texas’ ERS to boost alternatives
The $29 billion Employees Retirement System of Texas will add to its alternatives portfolio over four years and wants small managers to represent 10 per cent of its active mandates.
Sarah RundellMay 25, 2018
Investor Profile
CalPERS picks infrastructure adviser
CalPERS’ board has named Meketa its new infrastructure consultant, citing its high ratings and setting aside investment office calls to have a single adviser for infrastructure and real estate.
SIMON HOYLESeptember 22, 2017
Real Estate
South Dakota pension’s long view
At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.
Sarah RundellMay 3, 2017
Organisational Design
Alecta keeps costs low, strategy simple
On the eve of its centenary, Alecta’s head of investment management reflects on the low-cost, Sweden-centric, active in-house strategy which has kept the pension provider on top of its game.
Sarah RundellJune 15, 2016