Gideon Smith: Fundamentals and the golden age for quants

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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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Foundations should invest for impact

Inequality and the climate crisis are market-based problems that need market-based solutions. What is the role of foundations in solving such problems?

Illinois’s innovative first

Illinois State Treasury is planning a new $700 million allocation to student loans in the first investment of its kind for any US state treasury. The $32 billion state treasury has never been scared to innovate.

USS invests in EM linkers

The £65 billion Universities Superannuation Scheme is investing in inflation-linked emerging market bonds to profit from developing economies higher bonds yields and levels of inflation.

The world must change

"If we don’t heal the fractures of today’s workforce that have been caused by the current model of greed, we will see even greater inequality in years to come," says Sharan Burrow, general secretary, International Trade Union Confederation.

The most responsible allocators named

The Responsible Asset Allocator Initiative’s Leaders List report, developed in partnership with the Fletcher School at Tufts University, analysed $21 trillion in sovereign wealth fund and government pension fund assets around the world to identify 25 leaders and 25 finalists that set a global standard of excellence in sustainable investing.

Iceland’s LSR prepares to invest abroad

Iceland’s ISK900 billion ($7.5 billion) Lífeyrissjóður Starfsmanna Ríkisins (LSR), the Pension Fund for State Employees and the Pension Fund for Nurses is poised to invest more overseas as capital controls introduced in the wake of Iceland’s 2008 banking crisis finally ease.

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