Veronica Klaus: Investing in a smarter superannuation system

In this episode, Alex Proimos, head of domestic co
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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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Learning to see with a risk 2.0 lens

What happens if we examine past financial crises through a risk framework that acknowledges the adaptive, interconnected nature of real markets? Researcher at Thinking Ahead Institute Andrea Caloisi explores the application of a 'risk 2.0' framework to historical events. 

Best of 2025

From the DeepSeek-driven reassessment of the US’ AI leadership to the Liberation Day tariffs which plunged global trades into uncertainties, 2025 has tested asset owners’ theses around geopolitical stability, the dominance of the tech sector, and geographical diversification. Here are the top read stories of this year.

How data is dragging infrastructure debt out of the shadows

Infrastructure debt offers asset owners attractive yields and valuable diversification, but it has also been a market long starved of reliable data that is crucial to manage risk.

Europe rearms, defence returns surge, asset owners rethink exposure

Years of hard-line exclusions of the defence industry kept many asset owners out of one of the strongest-performing sectors. Now, as Europe rearms, investors are reworking defence policies – cautiously and under intense scrutiny.

Alaska’s APFC: Why any nudge lower in private equity will be slow progress

As Alaska's APFC mulls trimming its 18 per cent private equity allocation, the reality of getting legacy managers off the books is proving more challenging, according to deputy CIO, private markets Allen Waldrop. In an interview with Top1000funds.com, he also shares his view on secondaries and manager selection. 

CalPERS’ Stephen Gilmore on the total portfolio approach

Listen to the detailed interview between Top1000funds.com editor Amanda White and CalPERS' CIO Stephen Gilmore to gain insights into how a TPA mindset has the potential, through a shared focus on the total portfolio, to add value, simplify accountability and open new opportunities for investments.

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