Geoff Lloyd: Leadership through the corona crisis

This quarter has seen a perfect storm of
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CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

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Tip of the A-iceberg as investors grapple with the scale of opportunity

An investment theme that incorporates all traditional businesses trying to exploit technology, including AI, is simply too broad. Focusing on AI alone leaves investors exposed to the uncertainty of future developments. In between is an approach that recognises AI as an accelerant to existing trends.

CalPERS’ plan to generate alpha from climate investments

CalPERS’ sustainable investment strategy is predicated on a belief it can generate outperformance by investing in climate solutions – with $100 billion to be allocated by 2030. Peter Cashion, managing investment director for sustainable investments tells Amanda White why, and how, it looks for climate alpha opportunities.

Temasek says structural demand and geopolitical risk impacting China

Singapore's Temasek explains why it has a cautious approach to investment in China and highlights the growing size of its allocation to private markets.

Brightwell focuses sustainability on equality and natural capital

Brightwell, the £37 billion new asset manager for the BT Pension Scheme, lays out why it is focusing on equality and natural capital in its first sustainability report.

How abundant inflows have put New Mexico’s SIC in a bind

New Mexico's oil fund is 10 per cent overweight cash and bonds relative to target in a reflection of the challenges CIO Vince Smith faces putting money to work. Equities are over valued and allocating to private markets takes time but volatility during the November election could be an opportunity.

AP funds face consolidation as report flags scale and efficiency wins

A long-awaited review into Sweden's buffer funds suggests consolidation between the three Stockholm funds – AP1, AP3 and AP4 – stating that the advantages in terms of efficiency and scale outweigh the disadvantages of continued separation.

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