Raphael Sobotka: International case studies

This conversation covers some examples 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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CalPERS mulls tying climate KPIs to incentive pay

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

Dutch fund tackles the cost and time of shifting to DC

The clock is ticking for Dutch fund PWRI to transition to a new DC scheme in line with pension reform. Imke Hollander explains why the pension fund is unlikely to invest more in risk assets and flags mounting costs in the transition, particularly in fees paid to advisors.

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CalSTRS’ sustainability strategy: Net zero and investing in opportunities

CalSTRS’ net zero strategy has provided a new level of focus and anchor for the 220-person investment team. Kirsty Jenkinson, investment director for the sustainable investment and stewardship strategies at the fund, explains its evolution including integrating climate scenarios into its asset liability modelling study.

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