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Highlights video | Stephen Kotkin

Highlights video | Stephen Kotkin

Few forces are reshaping institutional portfolios Continue Reading A Top1000funds.com subscription unlocks the full article Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset

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Co-investment, diversification drive CalPERS’ PE push

Since taking on the job of head of private equity at CalPERS two years ago Greg Ruiz has spent considerable time getting the portfolio back on track, understanding the positions and allocating capital. Now as the fund almost certainly will allocate more assets to private equity as part of a new asset allocation, Ruiz is looking to add to the sectors where the fund is underweight including venture.

CalPERS’ new asset allocation to take on more risk

The largest pension fund in the United States, the $469 billion CalPERS, is in the middle of an asset liability modelling exercise to set a new asset allocation by June 2022. Chief executive Marcie Frost says it’s the most significant decision the board makes with regard to the investment portfolio and that achieving a return target of 6.8 per will require “pushing everyone’s risk appetite”.

CalPERS reduces equities universe

In the first story of an exclusive series examining investment portfolio innovation at CalPERS, Amanda White looks at the global equities portfolio where the universe of stocks was recently halved.

APG positions for a digital future

APG, the biggest pension provider in Europe, is positioning itself as a digital pioneer with investment in the large-scale use of data, workflow automation and digital analytical platforms. A leader in funds management, most notably sustainability, it is once again a frontrunner by embracing technology.

CFA’s DEI code could be revolutionary

The CFA Institute’s Diversity Equity and Inclusion Code could result in a fundamental review of practices in some asset owners and managers according to Sarah Maynard, global head of external inclusion and diversity strategies and programs at the institute.

Dear board, a date for your diary…

For many boards net zero is the greatest investment governance challenge of all time, says the Inevitable Policy Response's Julian Poulter. He says a starting point for asset owner boards is a house view on the future, as opting for a standard asset allocation with a reliance on passive indices is unlikely to yield optimal results.

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