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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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LPPI’s Richard Tomlinson: Reflections of a sceptic

An environment of increased macro volatility and geopolitical risk means investors should question assumptions, move towards more narrative-based scenario thinking and build resilience says Richard Tomlinson, chief investment officer of LPPI.

Panama’s sovereign fund mulls the future of digital assets

Abdiel Santiago, CEO and chief investment officer of the Fondo de Ahorro de Panama, Panama's $1.5 billion sovereign wealth fund, is one of many CIOs watching from the sidelines as digital asset markets develop.

Investors position for climate alpha

At CalPERS the rationale for investing in the energy transition is as compelling as it was for technology investors in the early 1990s, but investors need to also be aware of the myriad of risks alongside the opportunities, making it ripe for active management.

Guardians of the Future: The evolution of New Zealand Super

New Zealand Super’s new chief executive Jo Townsend inherits an organisation with a strong culture but facing some challenges posed by rapid growth. An internal project aims to reduce complexity and focus on simplicity for a fund already rated by WTW as operating at global best practice levels.

Finland’s VER reflects on how to enliven European venture capital

Statistics show that Europe outperforms the United States when it comes to 10-year venture capital returns, but European investors struggle to access the market. Finnish State Fund VER's CEO Timo Löyttyniemi suggests how the market could develop.

The ‘most momentous’ in living memory: The 2024 US presidential election

Douglas Rivers, chief scientist at pollster YouGov, said data coming out of the current US presidential election confirms significant cultural and demographic shifts that are reshaping the political map. Rivers told the Fiduciary Investors Symposium that the once-popular “demographics is destiny” mantra predicting permanent centre-left majorities has lost meaning in the Trump era.

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